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Surging Earnings Estimates Signal Good News for Star Bulk Carriers (SBLK)
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Star Bulk Carriers Corp. (SBLK - Free Report) is a global shipping services provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SBLK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Star Bulk Carriers could be a solid choice for investors.
Current Quarter Estimates for SBLK
In the past 60 days, three estimates have gone higher for Star Bulk Carriers while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing down from a loss of 32 cents a share 60 days ago, to a loss of 24 cents today, a move of 33.3%.
Current Year Estimates for SBLK
Meanwhile, Star Bulk Carriers’ current year figures are also looking quite promising, with three estimates moving higher in the past two months, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing down from a loss of 95 cents per share 60 days ago to a loss of 66 cents per share today, an increase of 43.9%.
The stock has also started to move higher lately, adding 8.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
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Surging Earnings Estimates Signal Good News for Star Bulk Carriers (SBLK)
Star Bulk Carriers Corp. (SBLK - Free Report) is a global shipping services provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SBLK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Star Bulk Carriers could be a solid choice for investors.
Current Quarter Estimates for SBLK
In the past 60 days, three estimates have gone higher for Star Bulk Carriers while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing down from a loss of 32 cents a share 60 days ago, to a loss of 24 cents today, a move of 33.3%.
Current Year Estimates for SBLK
Meanwhile, Star Bulk Carriers’ current year figures are also looking quite promising, with three estimates moving higher in the past two months, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing down from a loss of 95 cents per share 60 days ago to a loss of 66 cents per share today, an increase of 43.9%.
Star Bulk Carriers Corp. Price and Consensus
Star Bulk Carriers Corp. Price and Consensus | Star Bulk Carriers Corp. Quote
Bottom Line
The stock has also started to move higher lately, adding 8.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>