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Seanergy Maritime Holdings Corp (SHIP) Laps the Stock Market: Here's Why
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Seanergy Maritime Holdings Corp (SHIP - Free Report) closed the most recent trading day at $17.82, moving +2.83% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.19%.
The stock of company has fallen by 6.48% in the past month, lagging the Transportation sector's loss of 3.02% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. The company's upcoming EPS is projected at $0.77, signifying a 14.93% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $50.69 million, up 7.87% from the year-ago period.
SHIP's full-year Zacks Consensus Estimates are calling for earnings of $3.57 per share and revenue of $201.97 million. These results would represent year-over-year changes of +178.91% and +27.75%, respectively.
Investors might also notice recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Seanergy Maritime Holdings Corp holds a Zacks Rank of #3 (Hold).
With respect to valuation, Seanergy Maritime Holdings Corp is currently being traded at a Forward P/E ratio of 4.85. This indicates a discount in contrast to its industry's Forward P/E of 9.66.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 44, which puts it in the top 18% 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.
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
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Seanergy Maritime Holdings Corp (SHIP) Laps the Stock Market: Here's Why
Seanergy Maritime Holdings Corp (SHIP - Free Report) closed the most recent trading day at $17.82, moving +2.83% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.19%.
The stock of company has fallen by 6.48% in the past month, lagging the Transportation sector's loss of 3.02% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. The company's upcoming EPS is projected at $0.77, signifying a 14.93% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $50.69 million, up 7.87% from the year-ago period.
SHIP's full-year Zacks Consensus Estimates are calling for earnings of $3.57 per share and revenue of $201.97 million. These results would represent year-over-year changes of +178.91% and +27.75%, respectively.
Investors might also notice recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Seanergy Maritime Holdings Corp holds a Zacks Rank of #3 (Hold).
With respect to valuation, Seanergy Maritime Holdings Corp is currently being traded at a Forward P/E ratio of 4.85. This indicates a discount in contrast to its industry's Forward P/E of 9.66.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 44, which puts it in the top 18% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.