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Star Bulk Carriers (SBLK) Ascends While Market Falls: Some Facts to Note
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Star Bulk Carriers (SBLK - Free Report) closed at $27.15 in the latest trading session, marking a +1.42% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
Heading into today, shares of the shipping company had gained 4.29% over the past month, trading in line with the Transportation sector and outpacing the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Star Bulk Carriers in its upcoming earnings disclosure. In that report, analysts expect Star Bulk Carriers to post earnings of $0.97 per share. This would mark year-over-year growth of 781.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $339.47 million, up 37.21% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.47 per share and a revenue of $1.43 billion, indicating changes of +360.82% and +37.13%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 last 30 days, the Zacks Consensus EPS estimate has moved 15.04% higher. Star Bulk Carriers is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Star Bulk Carriers is currently trading at a Forward P/E ratio of 5.99. For comparison, its industry has an average Forward P/E of 8.97, which means Star Bulk Carriers is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% of all 250+ industries.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Star Bulk Carriers (SBLK) Ascends While Market Falls: Some Facts to Note
Star Bulk Carriers (SBLK - Free Report) closed at $27.15 in the latest trading session, marking a +1.42% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
Heading into today, shares of the shipping company had gained 4.29% over the past month, trading in line with the Transportation sector and outpacing the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Star Bulk Carriers in its upcoming earnings disclosure. In that report, analysts expect Star Bulk Carriers to post earnings of $0.97 per share. This would mark year-over-year growth of 781.82%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $339.47 million, up 37.21% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.47 per share and a revenue of $1.43 billion, indicating changes of +360.82% and +37.13%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 last 30 days, the Zacks Consensus EPS estimate has moved 15.04% higher. Star Bulk Carriers is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Star Bulk Carriers is currently trading at a Forward P/E ratio of 5.99. For comparison, its industry has an average Forward P/E of 8.97, which means Star Bulk Carriers is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% of all 250+ industries.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.