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Safe Bulkers (SB) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research
·3-min read

Safe Bulkers (SB) closed the most recent trading day at $3.32, moving +1.84% from the previous trading session. This change outpaced the S&P 500's 1.06% gain on the day. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 0.18%.

Prior to today's trading, shares of the shipping company had lost 14.44% over the past month. This has lagged the Transportation sector's loss of 0.88% and the S&P 500's loss of 1.14% in that time.

Safe Bulkers will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.35, down 12.5% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $85.61 million, down 5.94% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.36 per share and revenue of $339.76 million, which would represent changes of +7.94% and +6.42%, respectively, from the prior year.

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Investors might also notice recent changes to analyst estimates for Safe Bulkers. 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.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Safe Bulkers currently has a Zacks Rank of #1 (Strong Buy).

Looking at its valuation, Safe Bulkers is holding a Forward P/E ratio of 2.4. This represents a discount compared to its industry's average Forward P/E of 3.49.

The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 42, which puts it in the top 17% 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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Zacks Investment Research