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Star Bulk Carriers (SBLK) Stock Declines While Market Improves: Some Information for Investors
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Star Bulk Carriers (SBLK - Free Report) closed at $18.02 in the latest trading session, marking a -2.17% move from the prior day. This change lagged the S&P 500's 0.58% gain on the day.
The shipping company's shares have seen a decrease of 6.59% over the last month, not keeping up with the Transportation sector's gain of 0.24% and the S&P 500's gain of 3.68%.
Market participants will be closely following the financial results of Star Bulk Carriers in its upcoming release. The company is expected to report EPS of $0.35, down 50.7% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $276.05 million, indicating a 19.82% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.04 per share and a revenue of $1.05 billion, signifying shifts of -60.46% and -17.26%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Star Bulk Carriers. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Star Bulk Carriers is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Star Bulk Carriers is holding a Forward P/E ratio of 17.71. This represents a premium compared to its industry average Forward P/E of 10.78.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 57, finds itself in the top 24% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Star Bulk Carriers (SBLK) Stock Declines While Market Improves: Some Information for Investors
Star Bulk Carriers (SBLK - Free Report) closed at $18.02 in the latest trading session, marking a -2.17% move from the prior day. This change lagged the S&P 500's 0.58% gain on the day.
The shipping company's shares have seen a decrease of 6.59% over the last month, not keeping up with the Transportation sector's gain of 0.24% and the S&P 500's gain of 3.68%.
Market participants will be closely following the financial results of Star Bulk Carriers in its upcoming release. The company is expected to report EPS of $0.35, down 50.7% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $276.05 million, indicating a 19.82% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.04 per share and a revenue of $1.05 billion, signifying shifts of -60.46% and -17.26%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Star Bulk Carriers. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Star Bulk Carriers is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Star Bulk Carriers is holding a Forward P/E ratio of 17.71. This represents a premium compared to its industry average Forward P/E of 10.78.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 57, finds itself in the top 24% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.