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Seanergy Maritime Holdings Corp (SHIP) Gains As Market Dips: What You Should Know
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In the latest trading session, Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $17.63, marking a +2.26% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.47%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 1.25%.
Prior to today's trading, shares of the company had lost 5.74% lagged the Transportation sector's loss of 5.3% and the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of Seanergy Maritime Holdings Corp in its upcoming release. The company is expected to report EPS of $0.77, up 14.93% from the prior-year quarter. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.57 per share and revenue of $201.97 million, indicating changes of +178.91% and +27.75%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Seanergy Maritime Holdings Corp. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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 past month, the Zacks Consensus EPS estimate remained stagnant. At present, Seanergy Maritime Holdings Corp boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Seanergy Maritime Holdings Corp currently has a Forward P/E ratio of 4.83. This signifies a discount in comparison to the average Forward P/E of 9.76 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 24% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Seanergy Maritime Holdings Corp (SHIP) Gains As Market Dips: What You Should Know
In the latest trading session, Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $17.63, marking a +2.26% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.47%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 1.25%.
Prior to today's trading, shares of the company had lost 5.74% lagged the Transportation sector's loss of 5.3% and the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of Seanergy Maritime Holdings Corp in its upcoming release. The company is expected to report EPS of $0.77, up 14.93% from the prior-year quarter. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.57 per share and revenue of $201.97 million, indicating changes of +178.91% and +27.75%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Seanergy Maritime Holdings Corp. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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 past month, the Zacks Consensus EPS estimate remained stagnant. At present, Seanergy Maritime Holdings Corp boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Seanergy Maritime Holdings Corp currently has a Forward P/E ratio of 4.83. This signifies a discount in comparison to the average Forward P/E of 9.76 for its industry.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 24% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.