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Star Bulk Carriers (SBLK) closed the latest trading day at $14.80, indicating a +0.41% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.63%. At the same time, the Dow added 0.21%, and the tech-heavy Nasdaq gained 1.52%.
Shares of the shipping company have depreciated by 5.81% over the course of the past month, underperforming the Transportation sector's loss of 5.27% and the S&P 500's loss of 0.7%.
Investors will be eagerly watching for the performance of Star Bulk Carriers in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.27, marking a 131.03% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $207.48 million, down 20.01% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.17 per share and revenue of $1.07 billion. These totals would mark changes of -55.51% and -15.44%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team 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, 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 past month, the Zacks Consensus EPS estimate has moved 24.81% lower. Star Bulk Carriers currently has a Zacks Rank of #4 (Sell).
Looking at its valuation, Star Bulk Carriers is holding a Forward P/E ratio of 12.6. For comparison, its industry has an average Forward P/E of 9.23, which means Star Bulk Carriers is trading at a premium to the group.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 228, positioning it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.