Seanergy Maritime Holdings Corp (SHIP) closed the latest trading day at $5.42, indicating a -1.63% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq gained 0.27%.
The company's shares have seen an increase of 7.93% over the last month, surpassing the Transportation sector's gain of 5.96% and falling behind the S&P 500's gain of 10.62%.
The upcoming earnings release of Seanergy Maritime Holdings Corp will be of great interest to investors. 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. Meanwhile, the latest consensus estimate predicts the revenue to be $23.16 million, indicating a 39.51% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.62 per share and a revenue of $147.39 million, signifying shifts of -73.95% and -11.98%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Seanergy Maritime Holdings Corp. Such recent modifications usually signify the changing landscape of near-term business trends. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Seanergy Maritime Holdings Corp boasts a Zacks Rank of #4 (Sell).
Digging into valuation, Seanergy Maritime Holdings Corp currently has a Forward P/E ratio of 8.96. Its industry sports an average Forward P/E of 9.44, so one might conclude that Seanergy Maritime Holdings Corp is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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