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Seanergy Maritime Holdings Corp (SHIP) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $8.39, marking a -1.41% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.99%. Meanwhile, the Dow experienced a drop of 0.23%, and the technology-dominated Nasdaq saw a decrease of 1.58%.
Heading into today, shares of the company had lost 0.82% over the past month, outpacing the Transportation sector's loss of 0.83% and lagging the S&P 500's gain of 3.59%.
Analysts and investors alike will be keeping a close eye on the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. The company is expected to report EPS of $0.46, down 33.33% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $44.02 million, indicating a 0.77% decline compared to the corresponding quarter of the prior year.
SHIP's full-year Zacks Consensus Estimates are calling for earnings of $0.66 per share and revenue of $146.51 million. These results would represent year-over-year changes of -72.27% and -12.51%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Seanergy Maritime Holdings Corp. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 last 30 days, the Zacks Consensus EPS estimate has moved 8.82% higher. At present, Seanergy Maritime Holdings Corp boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Seanergy Maritime Holdings Corp is presently being traded at a Forward P/E ratio of 12.89. This expresses a premium compared to the average Forward P/E of 12 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $8.39, marking a -1.41% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.99%. Meanwhile, the Dow experienced a drop of 0.23%, and the technology-dominated Nasdaq saw a decrease of 1.58%.
Heading into today, shares of the company had lost 0.82% over the past month, outpacing the Transportation sector's loss of 0.83% and lagging the S&P 500's gain of 3.59%.
Analysts and investors alike will be keeping a close eye on the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. The company is expected to report EPS of $0.46, down 33.33% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $44.02 million, indicating a 0.77% decline compared to the corresponding quarter of the prior year.
SHIP's full-year Zacks Consensus Estimates are calling for earnings of $0.66 per share and revenue of $146.51 million. These results would represent year-over-year changes of -72.27% and -12.51%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Seanergy Maritime Holdings Corp. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 last 30 days, the Zacks Consensus EPS estimate has moved 8.82% higher. At present, Seanergy Maritime Holdings Corp boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Seanergy Maritime Holdings Corp is presently being traded at a Forward P/E ratio of 12.89. This expresses a premium compared to the average Forward P/E of 12 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.