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Seanergy Maritime Holdings Corp (SHIP) Laps the Stock Market: Here's Why
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The most recent trading session ended with Seanergy Maritime Holdings Corp (SHIP - Free Report) standing at $12.60, reflecting a +1.08% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.6%.
The the stock of company has risen by 11.85% in the past month, leading the Transportation sector's gain of 2.68% and the S&P 500's gain of 1.71%.
The investment community will be paying close attention to the earnings performance of Seanergy Maritime Holdings Corp in its upcoming release. The company's earnings per share (EPS) are projected to be $0.55, reflecting a 492.86% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $41.09 million, up 68.04% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.38 per share and a revenue of $163.29 million, signifying shifts of +271.88% and +48.13%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Seanergy Maritime Holdings Corp. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Seanergy Maritime Holdings Corp is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Seanergy Maritime Holdings Corp currently has a Forward P/E ratio of 5.24. This expresses a discount compared to the average Forward P/E of 7.36 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
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Seanergy Maritime Holdings Corp (SHIP) Laps the Stock Market: Here's Why
The most recent trading session ended with Seanergy Maritime Holdings Corp (SHIP - Free Report) standing at $12.60, reflecting a +1.08% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.6%.
The the stock of company has risen by 11.85% in the past month, leading the Transportation sector's gain of 2.68% and the S&P 500's gain of 1.71%.
The investment community will be paying close attention to the earnings performance of Seanergy Maritime Holdings Corp in its upcoming release. The company's earnings per share (EPS) are projected to be $0.55, reflecting a 492.86% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $41.09 million, up 68.04% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.38 per share and a revenue of $163.29 million, signifying shifts of +271.88% and +48.13%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Seanergy Maritime Holdings Corp. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Seanergy Maritime Holdings Corp is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Seanergy Maritime Holdings Corp currently has a Forward P/E ratio of 5.24. This expresses a discount compared to the average Forward P/E of 7.36 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.