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Star Bulk Carriers (SBLK) closed at $15.18 in the latest trading session, marking a -0.46% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.86%, and the technology-centric Nasdaq decreased by 0.38%.
Prior to today's trading, shares of the shipping company had gained 0.66% over the past month. This has outpaced the Transportation sector's loss of 6.56% and the S&P 500's loss of 2.2% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Star Bulk Carriers in its upcoming earnings disclosure. In that report, analysts expect Star Bulk Carriers to post earnings of $0.39 per share. This would mark a year-over-year decline of 46.58%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $299.25 million, up 13.58% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Star Bulk Carriers. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 17.26% lower. Star Bulk Carriers is currently a Zacks Rank #5 (Strong Sell).
Digging into valuation, Star Bulk Carriers currently has a Forward P/E ratio of 6.72. This represents a discount compared to its industry's average Forward P/E of 7.11.
Investors should also note that SBLK has a PEG ratio of 4.57 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Transportation - Shipping industry had an average PEG ratio of 0.52.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 240, positioning it in the bottom 5% of all 250+ industries.