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Star Bulk Carriers (SBLK) Ascends While Market Falls: Some Facts to Note
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In the latest close session, Star Bulk Carriers (SBLK - Free Report) was up +1.73% at $26.98. This change outpaced the S&P 500's 1.44% loss on the day. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 2.22%.
Prior to today's trading, shares of the shipping company had gained 0.45% lagged the Transportation sector's gain of 3.2% and outpaced the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of Star Bulk Carriers in its upcoming release. On that day, Star Bulk Carriers is projected to report earnings of $0.96 per share, which would represent year-over-year growth of 772.73%. Simultaneously, our latest consensus estimate expects the revenue to be $338.39 million, showing a 36.77% escalation compared to the year-ago quarter.
SBLK's full-year Zacks Consensus Estimates are calling for earnings of $3.9 per share and revenue of $1.35 billion. These results would represent year-over-year changes of +302.06% and +29.58%, respectively.
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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Star Bulk Carriers is currently a Zacks Rank #3 (Hold).
Investors should also note Star Bulk Carriers's current valuation metrics, including its Forward P/E ratio of 6.8. This expresses a discount compared to the average Forward P/E of 8.96 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 60, finds itself in the top 25% echelons of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Star Bulk Carriers (SBLK) Ascends While Market Falls: Some Facts to Note
In the latest close session, Star Bulk Carriers (SBLK - Free Report) was up +1.73% at $26.98. This change outpaced the S&P 500's 1.44% loss on the day. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 2.22%.
Prior to today's trading, shares of the shipping company had gained 0.45% lagged the Transportation sector's gain of 3.2% and outpaced the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of Star Bulk Carriers in its upcoming release. On that day, Star Bulk Carriers is projected to report earnings of $0.96 per share, which would represent year-over-year growth of 772.73%. Simultaneously, our latest consensus estimate expects the revenue to be $338.39 million, showing a 36.77% escalation compared to the year-ago quarter.
SBLK's full-year Zacks Consensus Estimates are calling for earnings of $3.9 per share and revenue of $1.35 billion. These results would represent year-over-year changes of +302.06% and +29.58%, respectively.
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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Star Bulk Carriers is currently a Zacks Rank #3 (Hold).
Investors should also note Star Bulk Carriers's current valuation metrics, including its Forward P/E ratio of 6.8. This expresses a discount compared to the average Forward P/E of 8.96 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 60, finds itself in the top 25% echelons of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.