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Seanergy Maritime Holdings Corp (SHIP - Free Report) closed the most recent trading day at $8.65, moving -1.48% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.59%. Meanwhile, the Dow gained 0.65%, and the Nasdaq, a tech-heavy index, added 0.44%.
Heading into today, shares of the company had gained 8.93% over the past month, outpacing the Transportation sector's loss of 0.51% and the S&P 500's gain of 2.72%.
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 $0.32, showcasing a 53.62% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $41.72 million, down 5.94% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.63 per share and revenue of $146.75 million, indicating changes of -73.53% and -12.37%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Seanergy Maritime Holdings Corp. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Seanergy Maritime Holdings Corp currently has a Zacks Rank of #2 (Buy).
Investors should also note Seanergy Maritime Holdings Corp's current valuation metrics, including its Forward P/E ratio of 13.94. This indicates a premium in contrast to its industry's Forward P/E of 11.31.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 26% 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.
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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Seanergy Maritime Holdings Corp (SHIP) Stock Sinks As Market Gains: Here's Why
Seanergy Maritime Holdings Corp (SHIP - Free Report) closed the most recent trading day at $8.65, moving -1.48% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.59%. Meanwhile, the Dow gained 0.65%, and the Nasdaq, a tech-heavy index, added 0.44%.
Heading into today, shares of the company had gained 8.93% over the past month, outpacing the Transportation sector's loss of 0.51% and the S&P 500's gain of 2.72%.
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 $0.32, showcasing a 53.62% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $41.72 million, down 5.94% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.63 per share and revenue of $146.75 million, indicating changes of -73.53% and -12.37%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Seanergy Maritime Holdings Corp. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Seanergy Maritime Holdings Corp currently has a Zacks Rank of #2 (Buy).
Investors should also note Seanergy Maritime Holdings Corp's current valuation metrics, including its Forward P/E ratio of 13.94. This indicates a premium in contrast to its industry's Forward P/E of 11.31.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 26% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.