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Seanergy Maritime Holdings Corp (SHIP) Stock Falls Amid Market Uptick: What Investors Need to Know
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Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $9.65 in the latest trading session, marking a -1.93% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.28%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq increased by 0.4%.
Shares of the company have depreciated by 7.43% over the course of the past month, underperforming the Transportation sector's gain of 0.03% and the S&P 500's gain of 3.78%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. It is anticipated that the company will report an EPS of $0.70, marking a 288.89% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $41.01 million, indicating a 44.76% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.60 per share and a revenue of $166.35 million, signifying shifts of +306.25% and +50.91%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Seanergy Maritime Holdings Corp presently features a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Seanergy Maritime Holdings Corp is presently trading at a Forward P/E ratio of 3.79. This valuation marks a discount compared to its industry's average Forward P/E of 7.05.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 48, positioning it in the top 20% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Seanergy Maritime Holdings Corp (SHIP) Stock Falls Amid Market Uptick: What Investors Need to Know
Seanergy Maritime Holdings Corp (SHIP - Free Report) closed at $9.65 in the latest trading session, marking a -1.93% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.28%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq increased by 0.4%.
Shares of the company have depreciated by 7.43% over the course of the past month, underperforming the Transportation sector's gain of 0.03% and the S&P 500's gain of 3.78%.
Market participants will be closely following the financial results of Seanergy Maritime Holdings Corp in its upcoming release. It is anticipated that the company will report an EPS of $0.70, marking a 288.89% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $41.01 million, indicating a 44.76% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.60 per share and a revenue of $166.35 million, signifying shifts of +306.25% and +50.91%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Seanergy Maritime Holdings Corp presently features a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Seanergy Maritime Holdings Corp is presently trading at a Forward P/E ratio of 3.79. This valuation marks a discount compared to its industry's average Forward P/E of 7.05.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 48, positioning it in the top 20% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.