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Star Bulk Carriers (SBLK) Gains As Market Dips: What You Should Know

Zacks Equity Research
·3-min read

Star Bulk Carriers (SBLK) closed the most recent trading day at $19.43, moving +0.15% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.03%. Elsewhere, the Dow lost 1.15%, while the tech-heavy Nasdaq added 0.39%.

Heading into today, shares of the shipping company had gained 2.48% over the past month, outpacing the Transportation sector's loss of 8.37% and the S&P 500's loss of 3.51% in that time.

Star Bulk Carriers will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.45, down 33.79% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $343.13 million, down 17.46% from the year-ago period.

SBLK's full-year Zacks Consensus Estimates are calling for earnings of $6.41 per share and revenue of $1.46 billion. These results would represent year-over-year changes of -6.01% and +2.31%, respectively.

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Any recent changes to analyst estimates for Star Bulk Carriers should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. The Zacks Consensus EPS estimate has moved 2.6% lower within the past month. Star Bulk Carriers currently has a Zacks Rank of #4 (Sell).

Digging into valuation, Star Bulk Carriers currently has a Forward P/E ratio of 3.03. For comparison, its industry has an average Forward P/E of 3.12, which means Star Bulk Carriers is trading at a discount to the group.

The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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Zacks Investment Research