In the latest trading session, Seanergy Maritime Holdings Corp (SHIP) closed at $6.33, marking a -3.21% move from the previous day. This move lagged the S&P 500's daily gain of 0.61%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.95%.
Prior to today's trading, shares of the company had lost 0.3% lagged the Transportation sector's gain of 2.95% and the S&P 500's gain of 3.85%.
The investment community will be paying close attention to the earnings performance of Seanergy Maritime Holdings Corp in its upcoming release. The company is predicted to post an EPS of $0.09, indicating a 88.31% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $35.13 million, indicating a 18.54% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.49 per share and a revenue of $140.21 million, representing changes of -79.41% and -16.27%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Seanergy Maritime Holdings Corp is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Seanergy Maritime Holdings Corp is presently being traded at a Forward P/E ratio of 13.48. This denotes a premium relative to the industry average Forward P/E of 8.99.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 24, placing it within the top 10% of over 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.
You can find more information on all of these metrics, and much 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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