Have you been paying attention to shares of Seanergy Maritime Holdings Corp (SHIP)? Shares have been on the move with the stock up 31.3% over the past month. The stock hit a new 52-week high of $14.23 in the previous session. Seanergy Maritime Holdings has gained 52.8% since the start of the year compared to the 15.4% move for the Zacks Transportation sector and the 37.7% return for the Zacks Transportation - Shipping industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on February 17, 2026, Seanergy Maritime Holdings reported EPS of $0.68 versus consensus estimate of $0.56.
For the current fiscal year, Seanergy Maritime Holdings is expected to post earnings of $1.87 per share on $184.38 in revenues. This represents a 46.09% change in EPS on a 16.62% change in revenues. For the next fiscal year, the company is expected to earn $1.53 per share on $184.47 in revenues. This represents a year-over-year change of -18.18% and 0.05%, respectively.
Valuation Metrics
While Seanergy Maritime Holdings has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Seanergy Maritime Holdings has a Value Score of A. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 7.5X current fiscal year EPS estimates, which is not in-line with the peer industry average of 12.2X. On a trailing cash flow basis, the stock currently trades at 5X versus its peer group's average of 5X. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Seanergy Maritime Holdings an interesting choice for value investors.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, Seanergy Maritime Holdings currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Seanergy Maritime Holdings fits the bill. Thus, it seems as though Seanergy Maritime Holdings shares could have a bit more room to run in the near term.
How Does SHIP Stack Up to the Competition?
Shares of SHIP have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Okeanis Eco Tankers Corp. (ECO). ECO has a Zacks Rank of #1 (Strong Buy) and a Value Score of C, a Growth Score of B, and a Momentum Score of B.
Earnings were strong last quarter. Okeanis Eco Tankers Corp. beat our consensus estimate by 36.92%, and for the current fiscal year, ECO is expected to post earnings of $4.35 per share on revenue of $332.81 million.
Shares of Okeanis Eco Tankers Corp. have gained 32.3% over the past month, and currently trade at a forward P/E of 12.23X and a P/CF of 10.44X.
The Transportation - Shipping industry is in the top 21% of all the industries we have in our universe, so it looks like there are some nice tailwinds for SHIP and ECO, even beyond their own solid fundamental situation.
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Seanergy Maritime Holdings Corp (SHIP): Free Stock Analysis Report Okeanis Eco Tankers Corp. (ECO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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