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Seanergy Maritime Holdings Corp (SHIP) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $10.55, marking a -0.57% move from the previous day. This move lagged the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.32%, while the tech-heavy Nasdaq lost 0.03%.
Heading into today, shares of the company had gained 18.95% over the past month, outpacing the Transportation sector's loss of 3.23% and the S&P 500's gain of 0.17% in that time.
The investment community will be closely monitoring the performance of Seanergy Maritime Holdings Corp in its forthcoming earnings report. The company is scheduled to release its earnings on May 15, 2024. In that report, analysts expect Seanergy Maritime Holdings Corp to post earnings of $0.29 per share. This would mark year-over-year growth of 1550%. Meanwhile, the latest consensus estimate predicts the revenue to be $34 million, indicating an 88.57% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.30 per share and revenue of $142.03 million, indicating changes of +103.13% and +28.84%, respectively, compared to the previous year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Seanergy Maritime Holdings Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Seanergy Maritime Holdings Corp is currently sporting a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Seanergy Maritime Holdings Corp is at present trading with a Forward P/E ratio of 8.19. Its industry sports an average Forward P/E of 8.26, so one might conclude that Seanergy Maritime Holdings Corp is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Seanergy Maritime Holdings Corp (SHIP) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $10.55, marking a -0.57% move from the previous day. This move lagged the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.32%, while the tech-heavy Nasdaq lost 0.03%.
Heading into today, shares of the company had gained 18.95% over the past month, outpacing the Transportation sector's loss of 3.23% and the S&P 500's gain of 0.17% in that time.
The investment community will be closely monitoring the performance of Seanergy Maritime Holdings Corp in its forthcoming earnings report. The company is scheduled to release its earnings on May 15, 2024. In that report, analysts expect Seanergy Maritime Holdings Corp to post earnings of $0.29 per share. This would mark year-over-year growth of 1550%. Meanwhile, the latest consensus estimate predicts the revenue to be $34 million, indicating an 88.57% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.30 per share and revenue of $142.03 million, indicating changes of +103.13% and +28.84%, respectively, compared to the previous year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Seanergy Maritime Holdings Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Seanergy Maritime Holdings Corp is currently sporting a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Seanergy Maritime Holdings Corp is at present trading with a Forward P/E ratio of 8.19. Its industry sports an average Forward P/E of 8.26, so one might conclude that Seanergy Maritime Holdings Corp is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.