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Star Bulk Carriers (SBLK) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research
·2 min read

In the latest trading session, Star Bulk Carriers (SBLK) closed at $19.03, marking a -1.7% move from the previous day. This change lagged the S&P 500's 0.54% loss on the day.

Coming into today, shares of the shipping company had lost 9.32% in the past month. In that same time, the Transportation sector lost 2.73%, while the S&P 500 gained 3.05%.

SBLK will be looking to display strength as it nears its next earnings release, which is expected to be August 5, 2021. On that day, SBLK is projected to report earnings of $1.44 per share, which would represent year-over-year growth of 857.89%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $353.5 million, up 141.91% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $6.02 per share and revenue of $1.39 billion, which would represent changes of +3441.18% and +100.83%, respectively, from the prior year.

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Any recent changes to analyst estimates for SBLK should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.

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. The Zacks Consensus EPS estimate has moved 14.89% higher within the past month. SBLK is currently sporting a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that SBLK has a Forward P/E ratio of 3.22 right now. Its industry sports an average Forward P/E of 5.35, so we one might conclude that SBLK is trading at a discount comparatively.

The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

To follow SBLK in the coming trading sessions, be sure to utilize Zacks.com.


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Star Bulk Carriers Corp. (SBLK) : Free Stock Analysis Report
 
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