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

Zacks Equity Research
·3-min read

Star Bulk Carriers (SBLK) closed at $19.79 in the latest trading session, marking a -1.93% move from the prior day. This change lagged the S&P 500's 0.84% loss on the day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.19%.

Coming into today, shares of the shipping company had lost 14.42% in the past month. In that same time, the Transportation sector lost 12.44%, while the S&P 500 lost 10.24%.

Investors will be hoping for strength from Star Bulk Carriers as it approaches its next earnings release. On that day, Star Bulk Carriers is projected to report earnings of $1.37 per share, which would represent a year-over-year decline of 37.44%. Our most recent consensus estimate is calling for quarterly revenue of $343.13 million, down 17.46% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.59 per share and revenue of $1.46 billion. These totals would mark changes of -3.37% and +2.31%, respectively, from last year.

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It is also important to note the recent changes to analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

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. Over the past month, the Zacks Consensus EPS estimate has moved 0.87% lower. Star Bulk Carriers is currently sporting a Zacks Rank of #3 (Hold).

Looking at its valuation, Star Bulk Carriers is holding a Forward P/E ratio of 3.06. This represents a discount compared to its industry's average Forward P/E of 3.36.

The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 44, putting it in the top 18% 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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Zacks Investment Research