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Star Bulk Carriers (SBLK) Gains As Market Dips: What You Should Know
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Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $30.49, moving +2.69% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.47%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
The stock of shipping company has fallen by 4.72% in the past month, leading the Transportation sector's loss of 5.3% and undershooting the S&P 500's gain of 1.15%.
Market participants will be closely following the financial results of Star Bulk Carriers in its upcoming release. The company is predicted to post an EPS of $1.33, indicating a 375% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $395.63 million, showing a 49.94% escalation compared to the year-ago quarter.
SBLK's full-year Zacks Consensus Estimates are calling for earnings of $4.53 per share and revenue of $1.44 billion. These results would represent year-over-year changes of +367.01% and +38.29%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Star Bulk Carriers. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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 has moved 1.39% higher. Star Bulk Carriers currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Star Bulk Carriers is presently trading at a Forward P/E ratio of 6.55. This valuation marks a discount compared to its industry average Forward P/E of 9.76.
We can additionally observe that SBLK currently boasts a PEG ratio of 0.11. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Transportation - Shipping industry had an average PEG ratio of 0.6 as trading concluded yesterday.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 58, this industry ranks in the top 24% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Star Bulk Carriers (SBLK) Gains As Market Dips: What You Should Know
Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $30.49, moving +2.69% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.47%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
The stock of shipping company has fallen by 4.72% in the past month, leading the Transportation sector's loss of 5.3% and undershooting the S&P 500's gain of 1.15%.
Market participants will be closely following the financial results of Star Bulk Carriers in its upcoming release. The company is predicted to post an EPS of $1.33, indicating a 375% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $395.63 million, showing a 49.94% escalation compared to the year-ago quarter.
SBLK's full-year Zacks Consensus Estimates are calling for earnings of $4.53 per share and revenue of $1.44 billion. These results would represent year-over-year changes of +367.01% and +38.29%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Star Bulk Carriers. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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 has moved 1.39% higher. Star Bulk Carriers currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Star Bulk Carriers is presently trading at a Forward P/E ratio of 6.55. This valuation marks a discount compared to its industry average Forward P/E of 9.76.
We can additionally observe that SBLK currently boasts a PEG ratio of 0.11. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Transportation - Shipping industry had an average PEG ratio of 0.6 as trading concluded yesterday.
The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 58, this industry ranks in the top 24% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.