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Star Bulk Carriers (SBLK) Suffers a Larger Drop Than the General Market: Key Insights
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Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $30.39, moving -1.78% from the previous trading session. This change lagged the S&P 500's 0.76% loss on the day. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
Shares of the shipping company witnessed a loss of 0.55% over the previous month, beating the performance of the Transportation sector with its loss of 6.27%, and underperforming the S&P 500's gain of 1.26%.
Analysts and investors alike will be keeping a close eye on the performance of Star Bulk Carriers in its upcoming earnings disclosure. On that day, Star Bulk Carriers is projected to report earnings of $1.21 per share, which would represent year-over-year growth of 332.14%. At the same time, our most recent consensus estimate is projecting a revenue of $371.55 million, reflecting a 40.81% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.47 per share and revenue of $1.42 billion, indicating changes of +360.82% and +35.98%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection remained stagnant. Star Bulk Carriers is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Star Bulk Carriers is currently being traded at a Forward P/E ratio of 6.92. This signifies a discount in comparison to the average Forward P/E of 9.69 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 62, this industry ranks in the top 26% 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.
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) Suffers a Larger Drop Than the General Market: Key Insights
Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $30.39, moving -1.78% from the previous trading session. This change lagged the S&P 500's 0.76% loss on the day. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
Shares of the shipping company witnessed a loss of 0.55% over the previous month, beating the performance of the Transportation sector with its loss of 6.27%, and underperforming the S&P 500's gain of 1.26%.
Analysts and investors alike will be keeping a close eye on the performance of Star Bulk Carriers in its upcoming earnings disclosure. On that day, Star Bulk Carriers is projected to report earnings of $1.21 per share, which would represent year-over-year growth of 332.14%. At the same time, our most recent consensus estimate is projecting a revenue of $371.55 million, reflecting a 40.81% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.47 per share and revenue of $1.42 billion, indicating changes of +360.82% and +35.98%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection remained stagnant. Star Bulk Carriers is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Star Bulk Carriers is currently being traded at a Forward P/E ratio of 6.92. This signifies a discount in comparison to the average Forward P/E of 9.69 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 62, this industry ranks in the top 26% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.