In the latest trading session, Eagle Bulk Shipping closed at $55.72, marking a -1.76% move from the previous day. This change was narrower than the S&P 500's 1.84% loss on the day. Meanwhile, the Dow lost 1.38%, and the Nasdaq, a tech-heavy index, lost 0.38%.
Coming into today, shares of the shipping company had gained 37.7% in the past month. In that same time, the Transportation sector gained 0.51%, while the S&P 500 lost 1.96%.
Investors will be hoping for strength from Eagle Bulk Shipping as it approaches its next earnings release, which is expected to be March 3, 2022. The company is expected to report EPS of $5.58, up 55700% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $152.49 million, up 174.3% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Eagle Bulk Shipping. 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 company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 3.72% lower. Eagle Bulk Shipping currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Eagle Bulk Shipping is holding a Forward P/E ratio of 4.44. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 4.44.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 142, which puts it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Image: Bigstock
Eagle Bulk Shipping (EGLE) Stock Moves -1.76%: What You Should Know
In the latest trading session, Eagle Bulk Shipping closed at $55.72, marking a -1.76% move from the previous day. This change was narrower than the S&P 500's 1.84% loss on the day. Meanwhile, the Dow lost 1.38%, and the Nasdaq, a tech-heavy index, lost 0.38%.
Coming into today, shares of the shipping company had gained 37.7% in the past month. In that same time, the Transportation sector gained 0.51%, while the S&P 500 lost 1.96%.
Investors will be hoping for strength from Eagle Bulk Shipping as it approaches its next earnings release, which is expected to be March 3, 2022. The company is expected to report EPS of $5.58, up 55700% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $152.49 million, up 174.3% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Eagle Bulk Shipping. 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 company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 3.72% lower. Eagle Bulk Shipping currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Eagle Bulk Shipping is holding a Forward P/E ratio of 4.44. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 4.44.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 142, which puts it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.