In the latest trading session, Seanergy Maritime Holdings Corp (SHIP) closed at $10.66, marking a -1.84% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.84%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq lost 1.43%.
The company's stock has climbed by 18.3% in the past month, exceeding the Transportation sector's gain of 6.1% and the S&P 500's gain of 1.8%.
Investors will be eagerly watching for the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.52, reflecting a 52.94% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $45.54 million, showing a 9.25% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.1 per share and a revenue of $154.21 million, representing changes of -53.78% and 0%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Seanergy Maritime Holdings Corp is carrying a Zacks Rank of #3 (Hold).
Investors should also note Seanergy Maritime Holdings Corp's current valuation metrics, including its Forward P/E ratio of 7.46. For comparison, its industry has an average Forward P/E of 11.76, which means Seanergy Maritime Holdings Corp is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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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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