We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Star Bulk Carriers (SBLK) Stock Moves -0.42%: What You Should Know
Read MoreHide Full Article
Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $23.59, moving -0.42% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.93%. Meanwhile, the Dow experienced a drop of 0.41%, and the technology-dominated Nasdaq saw a decrease of 1.53%.
The shipping company's stock has climbed by 10.86% in the past month, exceeding the Transportation sector's gain of 1.75% and the S&P 500's gain of 2.17%.
Investors will be eagerly watching for the performance of Star Bulk Carriers in its upcoming earnings disclosure. In that report, analysts expect Star Bulk Carriers to post earnings of $0.68 per share. This would mark year-over-year growth of 100%. Alongside, our most recent consensus estimate is anticipating revenue of $344.28 million, indicating a 54.32% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.38 per share and a revenue of $1.35 billion, signifying shifts of +83.7% and +41.9%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.32% lower. Star Bulk Carriers presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Star Bulk Carriers is currently exchanging hands at a Forward P/E ratio of 7.01. This represents a discount compared to its industry's average Forward P/E of 8.26.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 102, finds itself in the top 41% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Star Bulk Carriers (SBLK) Stock Moves -0.42%: What You Should Know
Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $23.59, moving -0.42% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.93%. Meanwhile, the Dow experienced a drop of 0.41%, and the technology-dominated Nasdaq saw a decrease of 1.53%.
The shipping company's stock has climbed by 10.86% in the past month, exceeding the Transportation sector's gain of 1.75% and the S&P 500's gain of 2.17%.
Investors will be eagerly watching for the performance of Star Bulk Carriers in its upcoming earnings disclosure. In that report, analysts expect Star Bulk Carriers to post earnings of $0.68 per share. This would mark year-over-year growth of 100%. Alongside, our most recent consensus estimate is anticipating revenue of $344.28 million, indicating a 54.32% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.38 per share and a revenue of $1.35 billion, signifying shifts of +83.7% and +41.9%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.32% lower. Star Bulk Carriers presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Star Bulk Carriers is currently exchanging hands at a Forward P/E ratio of 7.01. This represents a discount compared to its industry's average Forward P/E of 8.26.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 102, finds itself in the top 41% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.