Star Bulk Carriers (SBLK) ended the recent trading session at $16.47, demonstrating a -1.99% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.22%. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, lost 0.51%.
Shares of the shipping company witnessed a gain of 5.03% over the previous month, beating the performance of the Transportation sector with its loss of 2.83%, and the S&P 500's gain of 0.45%.
The investment community will be closely monitoring the performance of Star Bulk Carriers in its forthcoming earnings report. The company's upcoming EPS is projected at $0.04, signifying a 94.87% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $243.45 million, reflecting a 31.01% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.32 per share and a revenue of $1.02 billion, demonstrating changes of -49.81% and -19.64%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Star Bulk Carriers. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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, the Zacks Consensus EPS estimate has remained steady. As of now, Star Bulk Carriers holds a Zacks Rank of #4 (Sell).
In the context of valuation, Star Bulk Carriers is at present trading with a Forward P/E ratio of 12.73. This signifies a premium in comparison to the average Forward P/E of 9.62 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 192, this industry ranks in the bottom 22% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Star Bulk Carriers Corp. (SBLK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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