Seanergy Maritime Holdings Corp (SHIP) closed the latest trading day at $5.24, indicating no change from the previous session's end. This move lagged the S&P 500's daily gain of 2.51%. On the other hand, the Dow registered a gain of 2.66%, and the technology-centric Nasdaq increased by 2.71%.
Coming into today, shares of the company had lost 25.78% in the past month. In that same time, the Transportation sector lost 9.55%, while the S&P 500 lost 8.86%.
Investors will be eagerly watching for the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.44, marking a 177.19% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $23.16 million, indicating a 39.51% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.62 per share and revenue of $147.39 million, which would represent changes of -73.95% and -11.98%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Seanergy Maritime Holdings Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return 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 #4 (Sell).
Investors should also note Seanergy Maritime Holdings Corp's current valuation metrics, including its Forward P/E ratio of 8.45. This indicates a discount in contrast to its industry's Forward P/E of 8.52.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 174, finds itself in the bottom 30% echelons of all 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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