Star Bulk Carriers (SBLK) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this shipping company have returned +10.1%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Transportation - Shipping industry, which Star Bulk Carriers falls in, has gained 17.5%. The key question now is: What could be the stock's future d ...

Star Bulk Carriers Corp. (SBLK) is scheduled to report first-quarter 2024 results on May 22, after market close.The Zacks Consensus Estimate for SBLK’s first-quarter 2024 earnings has been revised upward by 18.9% in the past 90 days. The company also has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters (missed the mark in the remaining quarter), the average beat being 37.66%.Let’s see how things have shaped up for Star Bulk Car ...

Star Bulk Carriers (SBLK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, th ...

Star Bulk Carriers (SBLK) closed the most recent trading day at $25.70, moving +0.12% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.21%, and the technology-dominated Nasdaq saw an increase of 0.29%.The shipping company's stock has climbed by 11.17% in the past month, exceeding the Transportation sector's gain of 0.29% and the S&P 500's gain of 1.29%.The investment community will be closely monitoring the perf ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Star Bulk Carriers (SBLK) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.Star Bulk Carriers is a member of our Transportation group, which ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

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 ...