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Seanergy Maritime Holdings Corp (SHIP) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest close session, Seanergy Maritime Holdings Corp (SHIP - Free Report) was down 2.03% at $14.46. The stock trailed the S&P 500, which registered a daily gain of 1.58%. Meanwhile, the Dow experienced a rise of 3.03%, and the technology-dominated Nasdaq saw an increase of 1.44%.
The company's stock has dropped by 15.66% in the past month, falling short of the Transportation sector's gain of 4.23% and the S&P 500's loss of 1.97%.
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 $0.91 per share, which would represent year-over-year growth of 35.82%. At the same time, our most recent consensus estimate is projecting a revenue of $54.04 million, reflecting a 14.99% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.74 per share and revenue of $206.06 million. These totals would mark changes of +192.19% and +30.33%, respectively, from last 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 has shifted 5.22% upward. Seanergy Maritime Holdings Corp is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Seanergy Maritime Holdings Corp has a Forward P/E ratio of 3.95 right now. This valuation marks a discount compared to its industry average Forward P/E of 8.77.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 50, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow SHIP in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Seanergy Maritime Holdings Corp (SHIP) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, Seanergy Maritime Holdings Corp (SHIP - Free Report) was down 2.03% at $14.46. The stock trailed the S&P 500, which registered a daily gain of 1.58%. Meanwhile, the Dow experienced a rise of 3.03%, and the technology-dominated Nasdaq saw an increase of 1.44%.
The company's stock has dropped by 15.66% in the past month, falling short of the Transportation sector's gain of 4.23% and the S&P 500's loss of 1.97%.
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 $0.91 per share, which would represent year-over-year growth of 35.82%. At the same time, our most recent consensus estimate is projecting a revenue of $54.04 million, reflecting a 14.99% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.74 per share and revenue of $206.06 million. These totals would mark changes of +192.19% and +30.33%, respectively, from last 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 has shifted 5.22% upward. Seanergy Maritime Holdings Corp is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Seanergy Maritime Holdings Corp has a Forward P/E ratio of 3.95 right now. This valuation marks a discount compared to its industry average Forward P/E of 8.77.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 50, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow SHIP in the coming trading sessions, be sure to utilize Zacks.com.