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Why Star Bulk Carriers (SBLK) Dipped More Than Broader Market Today
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Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $18.35, moving -1.71% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.13%. Elsewhere, the Dow lost 0.39%, while the tech-heavy Nasdaq added 0.15%.
The shipping company's shares have seen an increase of 7.42% over the last month, surpassing the Transportation sector's gain of 0.59% and the S&P 500's gain of 3.39%.
The investment community will be paying close attention to the earnings performance of Star Bulk Carriers in its upcoming release. The company is slated to reveal its earnings on August 6, 2025. The company is expected to report EPS of $0.03, down 96.15% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $239.12 million, indicating a 32.24% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.41 per share and a revenue of $1.07 billion, indicating changes of -46.39% and -15.72%, respectively, from the former year.
Any recent changes to analyst estimates for Star Bulk Carriers should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 7.38% higher. Star Bulk Carriers is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Star Bulk Carriers currently has a Forward P/E ratio of 13.24. This valuation marks a premium compared to its industry average Forward P/E of 9.76.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SBLK in the coming trading sessions, be sure to utilize Zacks.com.
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Why Star Bulk Carriers (SBLK) Dipped More Than Broader Market Today
Star Bulk Carriers (SBLK - Free Report) closed the most recent trading day at $18.35, moving -1.71% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.13%. Elsewhere, the Dow lost 0.39%, while the tech-heavy Nasdaq added 0.15%.
The shipping company's shares have seen an increase of 7.42% over the last month, surpassing the Transportation sector's gain of 0.59% and the S&P 500's gain of 3.39%.
The investment community will be paying close attention to the earnings performance of Star Bulk Carriers in its upcoming release. The company is slated to reveal its earnings on August 6, 2025. The company is expected to report EPS of $0.03, down 96.15% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $239.12 million, indicating a 32.24% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.41 per share and a revenue of $1.07 billion, indicating changes of -46.39% and -15.72%, respectively, from the former year.
Any recent changes to analyst estimates for Star Bulk Carriers should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 7.38% higher. Star Bulk Carriers is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Star Bulk Carriers currently has a Forward P/E ratio of 13.24. This valuation marks a premium compared to its industry average Forward P/E of 9.76.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SBLK in the coming trading sessions, be sure to utilize Zacks.com.