In the latest close session, Seanergy Maritime Holdings Corp (SHIP) was up +1.31% at $10.81. This change outpaced the S&P 500's 0.47% gain on the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.9%.
The company's stock has climbed by 13.15% in the past month, exceeding the Transportation sector's gain of 9.42% and the S&P 500's loss of 0.16%.
Investors will be eagerly watching for the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.52, signifying a 52.94% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $45.54 million, up 9.25% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.1 per share and revenue of $154.21 million, which would represent changes of -53.78% and -7.91%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 past month, there's been no change in the Zacks Consensus EPS estimate. Seanergy Maritime Holdings Corp is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Seanergy Maritime Holdings Corp is currently exchanging hands at a Forward P/E ratio of 7.33. For comparison, its industry has an average Forward P/E of 12.02, 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 153, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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