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Star Bulk Carriers (SBLK) Gains As Market Dips: What You Should Know
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In the latest trading session, Star Bulk Carriers (SBLK - Free Report) closed at $27.02, marking a +0.11% move from the previous day. This move outpaced the S&P 500's daily loss of 2.82%. At the same time, the Dow lost 2.38%, and the tech-heavy Nasdaq lost 0.24%.
Prior to today's trading, shares of the shipping company had lost 8.51% over the past month. This has was narrower than the Transportation sector's loss of 8.98% and lagged the S&P 500's loss of 5.33% in that time.
Star Bulk Carriers will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.37, up 280.56% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $336.2 million, up 67.71% from the year-ago period.
SBLK's full-year Zacks Consensus Estimates are calling for earnings of $6.08 per share and revenue of $1.39 billion. These results would represent year-over-year changes of -10.85% and -2.67%, respectively.
Any recent changes to analyst estimates for Star Bulk Carriers should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Star Bulk Carriers is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Star Bulk Carriers has a Forward P/E ratio of 4.44 right now. This represents a premium compared to its industry's average Forward P/E of 3.79.
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 includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Star Bulk Carriers (SBLK) Gains As Market Dips: What You Should Know
In the latest trading session, Star Bulk Carriers (SBLK - Free Report) closed at $27.02, marking a +0.11% move from the previous day. This move outpaced the S&P 500's daily loss of 2.82%. At the same time, the Dow lost 2.38%, and the tech-heavy Nasdaq lost 0.24%.
Prior to today's trading, shares of the shipping company had lost 8.51% over the past month. This has was narrower than the Transportation sector's loss of 8.98% and lagged the S&P 500's loss of 5.33% in that time.
Star Bulk Carriers will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.37, up 280.56% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $336.2 million, up 67.71% from the year-ago period.
SBLK's full-year Zacks Consensus Estimates are calling for earnings of $6.08 per share and revenue of $1.39 billion. These results would represent year-over-year changes of -10.85% and -2.67%, respectively.
Any recent changes to analyst estimates for Star Bulk Carriers should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Star Bulk Carriers is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Star Bulk Carriers has a Forward P/E ratio of 4.44 right now. This represents a premium compared to its industry's average Forward P/E of 3.79.
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 includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.