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 $20.25, moving +0.35% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.08%.
Prior to today's trading, shares of the shipping company had lost 7.56% over the past month. This has lagged the Transportation sector's loss of 1.81% and the S&P 500's loss of 1.81% in that time.
SBLK will be looking to display strength as it nears its next earnings release. On that day, SBLK is projected to report earnings of $2.21 per share, which would represent year-over-year growth of 689.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $402.56 million, up 101.06% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.31 per share and revenue of $1.31 billion. These totals would mark changes of +3611.76% and +89.52%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for SBLK. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has moved 7.93% higher. SBLK is currently a Zacks Rank #3 (Hold).
Looking at its valuation, SBLK is holding a Forward P/E ratio of 3.2. This represents a discount compared to its industry's average Forward P/E of 5.04.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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 $20.25, moving +0.35% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.08%.
Prior to today's trading, shares of the shipping company had lost 7.56% over the past month. This has lagged the Transportation sector's loss of 1.81% and the S&P 500's loss of 1.81% in that time.
SBLK will be looking to display strength as it nears its next earnings release. On that day, SBLK is projected to report earnings of $2.21 per share, which would represent year-over-year growth of 689.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $402.56 million, up 101.06% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.31 per share and revenue of $1.31 billion. These totals would mark changes of +3611.76% and +89.52%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for SBLK. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has moved 7.93% higher. SBLK is currently a Zacks Rank #3 (Hold).
Looking at its valuation, SBLK is holding a Forward P/E ratio of 3.2. This represents a discount compared to its industry's average Forward P/E of 5.04.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.