In the latest close session, Seanergy Maritime Holdings Corp (SHIP) was up +2.87% at $15.79. This change outpaced the S&P 500's 0.52% loss on the day. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 0.21%.
Coming into today, shares of the company had lost 11.17% in the past month. In that same time, the Transportation sector gained 1.85%, while the S&P 500 lost 1.21%.
The upcoming earnings release of Seanergy Maritime Holdings Corp will be of great interest to investors. The company is forecasted to report an EPS of $0.87, showcasing a 29.85% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $53.02 million, up 12.83% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.66 per share and revenue of $204.31 million, which would represent changes of +185.94% and +29.23%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Seanergy Maritime Holdings Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.85% increase. At present, Seanergy Maritime Holdings Corp boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Seanergy Maritime Holdings Corp is at present trading with a Forward P/E ratio of 4.19. For comparison, its industry has an average Forward P/E of 9.19, which means Seanergy Maritime Holdings Corp is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 63, putting it in the top 26% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).