Star Bulk Carriers (SBLK) ended the recent trading session at $27.95, demonstrating a -2.85% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.33%. At the same time, the Dow added 1.08%, and the tech-heavy Nasdaq gained 0.08%.
Coming into today, shares of the shipping company had lost 6.8% in the past month. In that same time, the Transportation sector lost 3.13%, while the S&P 500 gained 1.41%.
The investment community will be closely monitoring the performance of Star Bulk Carriers in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.33, marking a 375% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $395.63 million, up 49.94% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.53 per share and revenue of $1.44 billion. These totals would mark changes of +367.01% and +38.29%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.39% higher. Star Bulk Carriers presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Star Bulk Carriers is presently being traded at a Forward P/E ratio of 6.35. For comparison, its industry has an average Forward P/E of 9.7, which means Star Bulk Carriers is trading at a discount to the group.
Investors should also note that SBLK has a PEG ratio of 0.11 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Transportation - Shipping industry had an average PEG ratio of 0.58.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 39, finds itself in the top 16% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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).