Star Bulk Carriers (SBLK) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this shipping company have returned -3.9%, compared to the Zacks S&P 500 composite's -4.2% change. During this period, the Zacks Transportation - Shipping industry, which Star Bulk Carriers falls in, has lost 8%. The key question now is: What could be the stock's future direction?Al ...

Core Viewpoint - The average brokerage recommendation (ABR) for Star Bulk Carriers (SBLK) is 1.00, indicating a Strong Buy based on recommendations from five brokerage firms, all of which are Strong Buy [1][6] Group 1: Brokerage Recommendations - The ABR suggests a strong buy for Star Bulk Carriers, but relying solely on this information may not be advisable as studies indicate brokerage recommendations often lack success in guiding investors towards stocks with high price appreciation potential [2] - Brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, with a ratio of five Strong Buy recommendations for every Strong Sell [2][4] - The ABR is calculated based on brokerage recommendations, typically displayed in decimals, while Zacks Rank is a quantitative model based on earnings estimate revisions, displayed in whole numbers [4][5] Group 2: Zacks Rank - Zacks Rank categorizes stocks into five groups, from Strong Buy to Strong Sell, and is an effective indicator of near-term stock price performance, making it a useful tool for validating investment decisions alongside ABR [3][6] - The Zacks Consensus Estimate for Star Bulk Carriers has increased by 0.3% over the past month to $4.32, reflecting analysts' growing optimism about the company's earnings prospects [6] - The Zacks Rank for Star Bulk Carriers is 1 (Strong Buy), driven by the recent increase in earnings estimates and strong agreement among analysts [6]

The most recent trading session ended with Star Bulk Carriers (SBLK) standing at $23.03, reflecting a -1.96% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.88%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq lost 2.05%.Shares of the shipping company have depreciated by 4.04% over the course of the past month, outperforming the Transportation sector's loss of 5.27% and lagging the S&P 500's loss of 2.57%.Investors will be eagerl ...

The most recent trading session ended with Star Bulk Carriers (SBLK) standing at $23.14, reflecting a +0.22% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 1.2%. Elsewhere, the Dow lost 0.65%, while the tech-heavy Nasdaq lost 1.79%.Coming into today, shares of the shipping company had lost 2.33% in the past month. In that same time, the Transportation sector gained 4.62%, while the S&P 500 lost 0.85%.The investment community will be closely monitoring the perf ...

Core Viewpoint - Star Bulk Carriers (SBLK) has recently experienced a decline in stock performance, with a return of -1% over the past month, contrasting with the S&P 500's +1.7% and the Zacks Transportation - Shipping industry's +2.4% [1] Earnings Estimates Revisions - Star Bulk Carriers is projected to report earnings of $0.87 per share for the current quarter, reflecting a year-over-year increase of +141.7%, with a 30-day change of +46.4% [3] - The consensus earnings estimate for the current fiscal year stands at $4.31, indicating a year-over-year change of +134.2%, with a 30-day change of +63.3% [3] - For the next fiscal year, the consensus estimate is $4.66, representing an increase of +8% from the previous year, with a 30-day change of +15.4% [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $264.59 million, indicating a year-over-year change of +18.1% [5] - For the current fiscal year, the revenue estimates are $1.26 billion and $1.35 billion, reflecting changes of +33.2% and +7.1%, respectively [5] Last Reported Results and Surprise History - In the last reported quarter, Star Bulk Carriers generated revenues of $263.46 million, a year-over-year decrease of -10.6%, with an EPS of $0.73 compared to $0.90 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $236.4 million by +11.45%, and the EPS surprise was +28.07% [6] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped revenue estimates each time [7] Valuation - Star Bulk Carriers is rated B in the Zacks Value Style Score, indicating it is trading at a discount to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued, overvalued, or undervalued [8] Bottom Line - The Zacks Rank 1 for Star Bulk Carriers suggests potential outperformance compared to the broader market in the near term [10]

Core Points - Star Bulk Carriers Corp. has completed its merger with Eagle Bulk Shipping Inc., creating a global leader in dry bulk shipping [1] - Each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned, and Eagle common stock has ceased trading [1] - The merger is expected to enhance Star Bulk's scale, financial profile, and technical capabilities, aiming to deliver sustainable value for shareholders [1] Company Overview - Star Bulk is a global shipping company focused on dry bulk cargo transportation, with a fleet of 163 owned vessels and an aggregate capacity of 15.6 million deadweight tons (dwt) [4] - The company transports major bulks such as iron ore, minerals, and grain, as well as minor bulks including bauxite, fertilizers, and steel products [4] - Star Bulk was incorporated in the Marshall Islands in 2006 and has executive offices in multiple locations including Athens, New York, and Singapore [4] Leadership Changes - Following the merger, Gary Weston has joined the Star Bulk Board of Directors, and Bo Westergaard has joined the new leadership team [2] - Costa Tsoutsoplides will serve as interim Senior Advisor to assist with the integration of the businesses [2] Advisory Information - Cravath, Swaine & Moore LLP acted as legal counsel for Star Bulk, while Houlihan Lokey served as financial advisor to Eagle [3] - Akin Gump Strauss Hauer & Feld LLP and Hogan Lovells US LLP provided legal counsel to Eagle and its Board of Directors, respectively [3]

Company Performance - Star Bulk Carriers (SBLK) closed at $23.85, reflecting a -0.13% change from the previous day, underperforming the S&P 500's loss of 0.04% [1] - Over the last month, the company's shares decreased by 4.06%, contrasting with the Transportation sector's gain of 1.29% and the S&P 500's gain of 2.57% [1] - The upcoming earnings report is projected to show an EPS of $0.87, indicating a 141.67% increase year-over-year, with revenue expected at $264.59 million, up 18.1% from the previous year [1] Earnings Estimates - For the full year, the Zacks Consensus Estimates project earnings of $4.31 per share and revenue of $1.26 billion, reflecting increases of +134.24% and +33.15% respectively from the prior year [2] - Recent adjustments to analyst estimates are crucial as they reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [2] Zacks Rank and Valuation - Star Bulk Carriers currently holds a Zacks Rank of 1 (Strong Buy), with the EPS estimate having shifted 63.26% upward over the past month [3] - The company is trading at a Forward P/E ratio of 5.54, which is a discount compared to the industry average Forward P/E of 8.05 [3] - The Transportation - Shipping industry has a Zacks Industry Rank of 77, placing it in the top 31% of over 250 industries [3]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.Now that we know how important ear ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31,2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...