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Here's Why Seanergy Maritime Holdings Corp (SHIP) Fell More Than Broader Market
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The latest trading session saw Seanergy Maritime Holdings Corp (SHIP - Free Report) ending at $6.81, denoting a -1.73% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq decreased by 0.53%.
Coming into today, shares of the company had lost 3.08% in the past month. In that same time, the Transportation sector lost 3.94%, while the S&P 500 lost 4.03%.
The investment community will be paying close attention to the earnings performance of Seanergy Maritime Holdings Corp in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.44, reflecting a 177.19% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $23.16 million, indicating a 39.51% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.62 per share and a revenue of $147.39 million, indicating changes of -73.95% and -11.98%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Seanergy Maritime Holdings Corp. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 a 3.95% increase. Right now, Seanergy Maritime Holdings Corp possesses a Zacks Rank of #4 (Sell).
Investors should also note Seanergy Maritime Holdings Corp's current valuation metrics, including its Forward P/E ratio of 11.18. This expresses a premium compared to the average Forward P/E of 9.05 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Here's Why Seanergy Maritime Holdings Corp (SHIP) Fell More Than Broader Market
The latest trading session saw Seanergy Maritime Holdings Corp (SHIP - Free Report) ending at $6.81, denoting a -1.73% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq decreased by 0.53%.
Coming into today, shares of the company had lost 3.08% in the past month. In that same time, the Transportation sector lost 3.94%, while the S&P 500 lost 4.03%.
The investment community will be paying close attention to the earnings performance of Seanergy Maritime Holdings Corp in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.44, reflecting a 177.19% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $23.16 million, indicating a 39.51% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.62 per share and a revenue of $147.39 million, indicating changes of -73.95% and -11.98%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Seanergy Maritime Holdings Corp. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 a 3.95% increase. Right now, Seanergy Maritime Holdings Corp possesses a Zacks Rank of #4 (Sell).
Investors should also note Seanergy Maritime Holdings Corp's current valuation metrics, including its Forward P/E ratio of 11.18. This expresses a premium compared to the average Forward P/E of 9.05 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 34% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.