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Seanergy Maritime Holdings Corp (SHIP) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Seanergy Maritime Holdings Corp (SHIP - Free Report) closed the most recent trading day at $15.19, moving -3.74% from the previous trading session. This move lagged the S&P 500's daily loss of 0.67%. Meanwhile, the Dow lost 0.65%, and the Nasdaq, a tech-heavy index, lost 0.84%.
Heading into today, shares of the company had gained 7.13% over the past month, outpacing the Transportation sector's loss of 1.59% and the S&P 500's gain of 4%.
Investors will be eagerly watching for the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.41, signifying a 251.85% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $42.41 million, up 75.18% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.09 per share and a revenue of $182.97 million, signifying shifts of +63.28% and +15.73%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Seanergy Maritime Holdings Corp. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, there's been a 7.39% rise in the Zacks Consensus EPS estimate. Right now, Seanergy Maritime Holdings Corp possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Seanergy Maritime Holdings Corp is presently being traded at a Forward P/E ratio of 7.55. This valuation marks a discount compared to its industry average Forward P/E of 9.43.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 44, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Seanergy Maritime Holdings Corp (SHIP - Free Report) closed the most recent trading day at $15.19, moving -3.74% from the previous trading session. This move lagged the S&P 500's daily loss of 0.67%. Meanwhile, the Dow lost 0.65%, and the Nasdaq, a tech-heavy index, lost 0.84%.
Heading into today, shares of the company had gained 7.13% over the past month, outpacing the Transportation sector's loss of 1.59% and the S&P 500's gain of 4%.
Investors will be eagerly watching for the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.41, signifying a 251.85% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $42.41 million, up 75.18% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.09 per share and a revenue of $182.97 million, signifying shifts of +63.28% and +15.73%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Seanergy Maritime Holdings Corp. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, there's been a 7.39% rise in the Zacks Consensus EPS estimate. Right now, Seanergy Maritime Holdings Corp possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Seanergy Maritime Holdings Corp is presently being traded at a Forward P/E ratio of 7.55. This valuation marks a discount compared to its industry average Forward P/E of 9.43.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 44, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.