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Star Bulk Carriers (SBLK) Stock Moves -0.12%: What You Should Know
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Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $17.32, moving -0.12% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.79%. Meanwhile, the Dow lost 1.07%, and the Nasdaq, a tech-heavy index, lost 2.71%.
Coming into today, shares of the shipping company had lost 4.41% in the past month. In that same time, the Transportation sector gained 7.82%, while the S&P 500 gained 4.16%.
Wall Street will be looking for positivity from Star Bulk Carriers as it approaches its next earnings report date. The company is expected to report EPS of $0.63, down 68.5% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $242.95 million, down 41.79% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.59 per share and revenue of $1.04 billion. These totals would mark changes of -56.4% and -27.53%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Star Bulk Carriers. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 9.76% lower within the past month. Star Bulk Carriers currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Star Bulk Carriers is holding a Forward P/E ratio of 6.7. For comparison, its industry has an average Forward P/E of 5.98, which means Star Bulk Carriers is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 21% 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.
To follow SBLK in the coming trading sessions, be sure to utilize Zacks.com.
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Star Bulk Carriers (SBLK) Stock Moves -0.12%: What You Should Know
Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $17.32, moving -0.12% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.79%. Meanwhile, the Dow lost 1.07%, and the Nasdaq, a tech-heavy index, lost 2.71%.
Coming into today, shares of the shipping company had lost 4.41% in the past month. In that same time, the Transportation sector gained 7.82%, while the S&P 500 gained 4.16%.
Wall Street will be looking for positivity from Star Bulk Carriers as it approaches its next earnings report date. The company is expected to report EPS of $0.63, down 68.5% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $242.95 million, down 41.79% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.59 per share and revenue of $1.04 billion. These totals would mark changes of -56.4% and -27.53%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Star Bulk Carriers. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 9.76% lower within the past month. Star Bulk Carriers currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Star Bulk Carriers is holding a Forward P/E ratio of 6.7. For comparison, its industry has an average Forward P/E of 5.98, which means Star Bulk Carriers is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 21% 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.
To follow SBLK in the coming trading sessions, be sure to utilize Zacks.com.