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Seanergy Maritime Holdings Corp (SHIP) Stock Falls Amid Market Uptick: What Investors Need to Know
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Seanergy Maritime Holdings Corp (SHIP - Free Report) closed the most recent trading day at $8.21, moving -4.31% from the previous trading session. This change lagged the S&P 500's daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.39%.
Prior to today's trading, shares of the company had gained 9.3% outpaced the Transportation sector's loss of 0.58% and the S&P 500's gain of 3.94%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. The company is expected to report EPS of $0.32, down 53.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $41.72 million, down 5.94% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.63 per share and a revenue of $146.75 million, signifying shifts of -73.53% and -12.37%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Seanergy Maritime Holdings Corp presently features a Zacks Rank of #2 (Buy).
With respect to valuation, Seanergy Maritime Holdings Corp is currently being traded at a Forward P/E ratio of 13.62. This valuation marks a premium compared to its industry average Forward P/E of 11.31.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 58, this industry ranks in the top 24% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Seanergy Maritime Holdings Corp (SHIP) Stock Falls Amid Market Uptick: What Investors Need to Know
Seanergy Maritime Holdings Corp (SHIP - Free Report) closed the most recent trading day at $8.21, moving -4.31% from the previous trading session. This change lagged the S&P 500's daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.39%.
Prior to today's trading, shares of the company had gained 9.3% outpaced the Transportation sector's loss of 0.58% and the S&P 500's gain of 3.94%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. The company is expected to report EPS of $0.32, down 53.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $41.72 million, down 5.94% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.63 per share and a revenue of $146.75 million, signifying shifts of -73.53% and -12.37%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Seanergy Maritime Holdings Corp presently features a Zacks Rank of #2 (Buy).
With respect to valuation, Seanergy Maritime Holdings Corp is currently being traded at a Forward P/E ratio of 13.62. This valuation marks a premium compared to its industry average Forward P/E of 11.31.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 58, this industry ranks in the top 24% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.