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Seanergy Maritime Holdings Corp (SHIP) Beats Stock Market Upswing: What Investors Need to Know
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In the latest close session, Seanergy Maritime Holdings Corp (SHIP - Free Report) was up +2.13% at $9.10. The stock's performance was ahead of the S&P 500's daily gain of 0.48%. On the other hand, the Dow registered a gain of 0.27%, and the technology-centric Nasdaq increased by 0.94%.
Prior to today's trading, shares of the company had gained 20.73% outpaced the Transportation sector's loss of 0.95% and the S&P 500's gain of 2.46%.
The upcoming earnings release of Seanergy Maritime Holdings Corp will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.32, reflecting a 53.62% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $41.72 million, reflecting a 5.94% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.63 per share and a revenue of $146.75 million, representing changes of -73.53% and -12.37%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Seanergy Maritime Holdings Corp presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Seanergy Maritime Holdings Corp currently has a Forward P/E ratio of 14.14. Its industry sports an average Forward P/E of 11.23, so one might conclude that Seanergy Maritime Holdings Corp is trading at a premium comparatively.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 166, placing it within the bottom 33% of over 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Seanergy Maritime Holdings Corp (SHIP) Beats Stock Market Upswing: What Investors Need to Know
In the latest close session, Seanergy Maritime Holdings Corp (SHIP - Free Report) was up +2.13% at $9.10. The stock's performance was ahead of the S&P 500's daily gain of 0.48%. On the other hand, the Dow registered a gain of 0.27%, and the technology-centric Nasdaq increased by 0.94%.
Prior to today's trading, shares of the company had gained 20.73% outpaced the Transportation sector's loss of 0.95% and the S&P 500's gain of 2.46%.
The upcoming earnings release of Seanergy Maritime Holdings Corp will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.32, reflecting a 53.62% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $41.72 million, reflecting a 5.94% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.63 per share and a revenue of $146.75 million, representing changes of -73.53% and -12.37%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Seanergy Maritime Holdings Corp presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Seanergy Maritime Holdings Corp currently has a Forward P/E ratio of 14.14. Its industry sports an average Forward P/E of 11.23, so one might conclude that Seanergy Maritime Holdings Corp is trading at a premium comparatively.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 166, placing it within the bottom 33% of over 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.