Star Bulk Carriers (SBLK) closed at $25.88 in the latest trading session, marking a -2.19% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.81% for the day. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 1.3%.
Coming into today, shares of the shipping company had lost 0.41% in the past month. In that same time, the Transportation sector gained 0.57%, while the S&P 500 gained 1.13%.
Market participants will be closely following the financial results of Star Bulk Carriers in its upcoming release. The company is expected to report EPS of $0.96, up 772.73% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $338.39 million, indicating a 36.77% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.9 per share and revenue of $1.35 billion. These totals would mark changes of +302.06% and +29.58%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Star Bulk Carriers. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Star Bulk Carriers is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Star Bulk Carriers is holding a Forward P/E ratio of 6.78. This indicates a discount in contrast to its industry's Forward P/E of 8.72.
The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 40, placing it within the top 17% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
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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Star Bulk Carriers Corp. (SBLK): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).