We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Seanergy Maritime Holdings Corp (SHIP) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
In the latest trading session, Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $6.14, marking a -0.16% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.7%. Elsewhere, the Dow saw an upswing of 0.78%, while the tech-heavy Nasdaq appreciated by 0.52%.
Shares of the company have appreciated by 12.43% over the course of the past month, outperforming the Transportation sector's gain of 12.07% and the S&P 500's gain of 9.81%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. It is anticipated that the company will report an EPS of -$0.44, marking a 177.19% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.33 million, down 39.07% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.33 per share and a revenue of $141.21 million, demonstrating changes of -86.13% and -15.68%, respectively, from the preceding year.
Any recent changes to analyst estimates for Seanergy Maritime Holdings Corp should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 72.15% lower. Seanergy Maritime Holdings Corp is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Seanergy Maritime Holdings Corp is holding a Forward P/E ratio of 18.92. For comparison, its industry has an average Forward P/E of 8.9, which means Seanergy Maritime Holdings Corp is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 198, putting it in the bottom 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.
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
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 $6.14, marking a -0.16% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.7%. Elsewhere, the Dow saw an upswing of 0.78%, while the tech-heavy Nasdaq appreciated by 0.52%.
Shares of the company have appreciated by 12.43% over the course of the past month, outperforming the Transportation sector's gain of 12.07% and the S&P 500's gain of 9.81%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. It is anticipated that the company will report an EPS of -$0.44, marking a 177.19% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.33 million, down 39.07% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $0.33 per share and a revenue of $141.21 million, demonstrating changes of -86.13% and -15.68%, respectively, from the preceding year.
Any recent changes to analyst estimates for Seanergy Maritime Holdings Corp should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 72.15% lower. Seanergy Maritime Holdings Corp is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Seanergy Maritime Holdings Corp is holding a Forward P/E ratio of 18.92. For comparison, its industry has an average Forward P/E of 8.9, which means Seanergy Maritime Holdings Corp is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 198, putting it in the bottom 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.