We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Star Bulk Carriers (SBLK) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $18.74, moving +0.48% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.33%.
Coming into today, shares of the shipping company had lost 23.47% in the past month. In that same time, the Transportation sector lost 2.91%, while the S&P 500 gained 2.89%.
Wall Street will be looking for positivity from SBLK as it approaches its next earnings report date. In that report, analysts expect SBLK to post earnings of $1.28 per share. This would mark year-over-year growth of 773.68%. Meanwhile, our latest consensus estimate is calling for revenue of $335.22 million, up 129.4% from the prior-year quarter.
SBLK's full-year Zacks Consensus Estimates are calling for earnings of $5.24 per share and revenue of $1.34 billion. These results would represent year-over-year changes of +2982.35% and +92.83%, respectively.
Investors might also notice recent changes to analyst estimates for SBLK. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. The Zacks Consensus EPS estimate has moved 13.91% higher within the past month. SBLK is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, SBLK is currently trading at a Forward P/E ratio of 3.56. Its industry sports an average Forward P/E of 5.44, so we one might conclude that SBLK is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 49, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SBLK in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Star Bulk Carriers (SBLK) Gains As Market Dips: What You Should Know
Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $18.74, moving +0.48% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.33%.
Coming into today, shares of the shipping company had lost 23.47% in the past month. In that same time, the Transportation sector lost 2.91%, while the S&P 500 gained 2.89%.
Wall Street will be looking for positivity from SBLK as it approaches its next earnings report date. In that report, analysts expect SBLK to post earnings of $1.28 per share. This would mark year-over-year growth of 773.68%. Meanwhile, our latest consensus estimate is calling for revenue of $335.22 million, up 129.4% from the prior-year quarter.
SBLK's full-year Zacks Consensus Estimates are calling for earnings of $5.24 per share and revenue of $1.34 billion. These results would represent year-over-year changes of +2982.35% and +92.83%, respectively.
Investors might also notice recent changes to analyst estimates for SBLK. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. The Zacks Consensus EPS estimate has moved 13.91% higher within the past month. SBLK is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, SBLK is currently trading at a Forward P/E ratio of 3.56. Its industry sports an average Forward P/E of 5.44, so we one might conclude that SBLK is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 49, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SBLK in the coming trading sessions, be sure to utilize Zacks.com.