Star Bulk Carriers (SBLK) closed at $29.70 in the latest trading session, marking a -2.53% move from the prior day. This change lagged the S&P 500's daily gain of 0.6%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.64%.
Heading into today, shares of the shipping company had lost 0.88% over the past month, outpacing the Transportation sector's loss of 3.42% and lagging the S&P 500's gain of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Star Bulk Carriers in its upcoming earnings disclosure. In that report, analysts expect Star Bulk Carriers to post earnings of $1.33 per share. This would mark year-over-year growth of 375%. Simultaneously, our latest consensus estimate expects the revenue to be $395.63 million, showing a 49.94% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.53 per share and a revenue of $1.44 billion, representing changes of +367.01% and +38.29%, respectively, from the prior year.
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 business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, there's been a 1.39% rise in the Zacks Consensus EPS estimate. Right now, Star Bulk Carriers possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Star Bulk Carriers is presently being traded at a Forward P/E ratio of 6.73. This represents a discount compared to its industry average Forward P/E of 10.18.
We can additionally observe that SBLK currently boasts a PEG ratio of 0.12. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Transportation - Shipping industry had an average PEG ratio of 0.62.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 55, finds itself in the top 23% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Star Bulk Carriers Corp. (SBLK): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).