Seanergy Maritime Holdings Corp (SHIP) closed at $9.43 in the latest trading session, marking a -2.98% move from the prior day. This change lagged the S&P 500's daily gain of 0.65%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 0.82%.
The stock of company has fallen by 3.67% in the past month, lagging the Transportation sector's gain of 3.79% and the S&P 500's gain of 1.15%.
Investors will be eagerly watching for the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.47, indicating a 38.24% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $43.89 million, indicating a 5.29% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.05 per share and revenue of $152.56 million, indicating changes of -55.88% and 0%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Seanergy Maritime Holdings Corp should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Seanergy Maritime Holdings Corp is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Seanergy Maritime Holdings Corp is holding a Forward P/E ratio of 6.68. This signifies a discount in comparison to the average Forward P/E of 10.89 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Seanergy Maritime Holdings Corp (SHIP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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