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Star Bulk Carriers Full Year 2022 Earnings: EPS Misses Expectations

Star Bulk Carriers (NASDAQ:SBLK) Full Year 2022 Results

Key Financial Results

  • Revenue: US$1.44b (flat on FY 2021).

  • Net income: US$566.0m (down 17% from FY 2021).

  • Profit margin: 39% (down from 48% in FY 2021).

  • EPS: US$5.54 (down from US$6.73 in FY 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Star Bulk Carriers EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%.

Looking ahead, revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 9.2% decline forecast for the Shipping industry in the US.

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Performance of the American Shipping industry.

The company's shares are down 5.6% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Star Bulk Carriers (including 2 which are potentially serious).

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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