We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Star Bulk Carriers (SBLK) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $25.67, moving -4.86% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.43%.
The stock of shipping company has fallen by 2.07% in the past month, lagging the Transportation sector's gain of 2.67% and the S&P 500's loss of 1.34%.
Market participants will be closely following the financial results of Star Bulk Carriers in its upcoming release. The company is forecasted to report an EPS of $0.96, showcasing a 772.73% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $338.39 million, reflecting a 36.77% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.9 per share and a revenue of $1.35 billion, indicating changes of +302.06% and +29.58%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 witnessed an unchanged state. Star Bulk Carriers is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Star Bulk Carriers currently has a Forward P/E ratio of 6.92. For comparison, its industry has an average Forward P/E of 8.7, which means Star Bulk Carriers is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 61, this industry ranks in the top 25% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Star Bulk Carriers (SBLK) Dips More Than Broader Market: What You Should Know
Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $25.67, moving -4.86% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.43%.
The stock of shipping company has fallen by 2.07% in the past month, lagging the Transportation sector's gain of 2.67% and the S&P 500's loss of 1.34%.
Market participants will be closely following the financial results of Star Bulk Carriers in its upcoming release. The company is forecasted to report an EPS of $0.96, showcasing a 772.73% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $338.39 million, reflecting a 36.77% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.9 per share and a revenue of $1.35 billion, indicating changes of +302.06% and +29.58%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 witnessed an unchanged state. Star Bulk Carriers is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Star Bulk Carriers currently has a Forward P/E ratio of 6.92. For comparison, its industry has an average Forward P/E of 8.7, which means Star Bulk Carriers is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 61, this industry ranks in the top 25% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.