We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Why Star Bulk Carriers (SBLK) Outpaced the Stock Market Today
Read MoreHide Full Article
The most recent trading session ended with Star Bulk Carriers (SBLK - Free Report) standing at $21.66, reflecting a +0.32% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.15%.
Shares of the shipping company have appreciated by 1.7% over the course of the past month, underperforming the Transportation sector's gain of 3.79% and the S&P 500's gain of 2%.
Investors will be eagerly watching for the performance of Star Bulk Carriers in its upcoming earnings disclosure. On that day, Star Bulk Carriers is projected to report earnings of $0.68 per share, which would represent year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $344.28 million, up 54.32% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $3.38 per share and a revenue of $1.35 billion, demonstrating changes of +83.7% and +41.9%, respectively, from the preceding 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.32% lower. Star Bulk Carriers currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Star Bulk Carriers is currently trading at a Forward P/E ratio of 6.39. Its industry sports an average Forward P/E of 7.09, so one might conclude that Star Bulk Carriers is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 89, finds itself in the top 36% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why Star Bulk Carriers (SBLK) Outpaced the Stock Market Today
The most recent trading session ended with Star Bulk Carriers (SBLK - Free Report) standing at $21.66, reflecting a +0.32% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.15%.
Shares of the shipping company have appreciated by 1.7% over the course of the past month, underperforming the Transportation sector's gain of 3.79% and the S&P 500's gain of 2%.
Investors will be eagerly watching for the performance of Star Bulk Carriers in its upcoming earnings disclosure. On that day, Star Bulk Carriers is projected to report earnings of $0.68 per share, which would represent year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $344.28 million, up 54.32% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $3.38 per share and a revenue of $1.35 billion, demonstrating changes of +83.7% and +41.9%, respectively, from the preceding 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.32% lower. Star Bulk Carriers currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Star Bulk Carriers is currently trading at a Forward P/E ratio of 6.39. Its industry sports an average Forward P/E of 7.09, so one might conclude that Star Bulk Carriers is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 89, finds itself in the top 36% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.