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.
In the latest trading session, Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $18.60, marking a -1.12% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.17% for the day. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
Heading into today, shares of the company had gained 11.17% over the past month, outpacing the Transportation sector's loss of 5.92% and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. On that day, Seanergy Maritime Holdings Corp is projected to report earnings of $0.77 per share, which would represent year-over-year growth of 14.93%. In the meantime, our current consensus estimate forecasts the revenue to be $50.69 million, indicating a 7.87% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.57 per share and revenue of $201.97 million, which would represent changes of +178.91% and +27.75%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Seanergy Maritime Holdings Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Seanergy Maritime Holdings Corp holds a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Seanergy Maritime Holdings Corp currently has a Forward P/E ratio of 5.27. This represents a discount compared to its industry average Forward P/E of 10.38.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 42, which puts it in the top 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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
Image: Bigstock
Seanergy Maritime Holdings Corp (SHIP) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $18.60, marking a -1.12% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.17% for the day. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
Heading into today, shares of the company had gained 11.17% over the past month, outpacing the Transportation sector's loss of 5.92% and the S&P 500's loss of 1.29%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. On that day, Seanergy Maritime Holdings Corp is projected to report earnings of $0.77 per share, which would represent year-over-year growth of 14.93%. In the meantime, our current consensus estimate forecasts the revenue to be $50.69 million, indicating a 7.87% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.57 per share and revenue of $201.97 million, which would represent changes of +178.91% and +27.75%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Seanergy Maritime Holdings Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Seanergy Maritime Holdings Corp holds a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Seanergy Maritime Holdings Corp currently has a Forward P/E ratio of 5.27. This represents a discount compared to its industry average Forward P/E of 10.38.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 42, which puts it in the top 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.