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 ...

ATHENS, Greece, March 04, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK) a global shipping company focusing on the transportation of dry bulk cargoes announced that, effective immediately, COMPUTERSHARE TRUST COMPANY, N.A. ("COMPUTERSHARE") is appointed as the Company's Sole Transfer Agent and Registrar of its shares trading under ticker symbol SBLK on NASDAQ. Shareholders need take no action in respect of the change in registrar and transfer agent services. A ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.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 alive.Our " ...

Denys Yelmanov Fishing for high yield income in 2024? The marine shipping industry has long been a source of high percentage dividend yields, due to the up and down cycles of shipping rates and general volatility. Dry bulk rates surged in 2021 and early 2022, benefiting some shipping companies, such as Star Bulk Carriers Corp. (NASDAQ:SBLK). Rates have decreased since then, which has created some rough looking quarterly earnings comps. Company Profile: Star Bulk is a global shipping company that provide ...

1001slide/iStock via Getty Images Investment Thesis Before Star Bulk Carriers Corp. (NASDAQ:SBLK) released its Q3 financial results last year, we took stock and shared our view on what we expected from them. We had estimated that they would earn on average $14,081 per day per vessel, and they came in roughly one thousand dollars above this. Fast-forward and we now have Q4 results and FY 2023 numbers just released. Let us look at how they compare and whether our line of Buy stance can remain. Latest Financia ...

Financial Data and Key Metrics Changes - Net income for Q4 2023 was approximately $40 million, with adjusted net income of about $64 million and adjusted EBITDA of $114 million [4] - Declared a dividend per share of $0.45, with total shareholder returns since June 2021 amounting to $1.1 billion in dividends and over $400 million in share buybacks [4] - Pro forma total debt stands at approximately $1.121 billion, with a pro forma net debt of about $800 million [4] Business Line Data and Key Metrics Changes - Time charter equivalent (TCE) rate was $18,296 per vessel per day, with combined daily operating expenses and net cash G&A expenses per vessel at $6,081, resulting in a TCE less OpEx and G&A of approximately $12,215 per day per vessel [5] - During Q4, the company sold 7 vessels for total gross proceeds of $122 million, further reducing the average fleet age and improving fleet efficiency [12] Market Data and Key Metrics Changes - Total dry bulk trade in 2023 expanded by 4.4% in ton miles, with a 6.2% year-over-year increase in trade volumes during Q4, driven by record coal and iron ore exports [22] - China’s dry bulk imports increased by 12.2% despite weak macroeconomic sentiment, supported by infrastructure investment and manufacturing [22] - Dry bulk demand is projected to increase by 1% in 2024, with a strong recovery expected from the rest of the world [23] Company Strategy and Development Direction - The company is focused on fleet renewal and operational efficiency, with plans to integrate the Eagle merger to create a global leader in dry bulk shipping [8][12] - Continued investment in upgrading the fleet with the latest operational technologies to improve fuel consumption and reduce environmental impact [14] - The company aims to maintain a diverse, scrubber-fitted fleet to capitalize on market opportunities [27] Management's Comments on Operating Environment and Future Outlook - Management highlighted that inefficiencies in the Red Sea and Panama Canal, along with geopolitical factors, are positively impacting shipping demand [43] - The company expects these inefficiencies to persist, supporting a strong market through 2024 and potentially into 2025 [44] - Environmental regulations and a low order book are anticipated to affect supply dynamics positively [44] Other Important Information - The company completed a $380 million share repurchase, funded by vessel sale proceeds and new debt financing [6] - The merger with Eagle is expected to close in early April 2024, pending shareholder approval [9] Q&A Session Summary Question: Dividend expectations for Q1 - Management does not provide guidance on dividends but indicated that Q1 is not looking at a significant change [31][32] Question: Impact of disruptions in the Red Sea on dry bulk market - Management confirmed that they will avoid the Suez Canal due to safety concerns, which could lead to longer shipping routes and increased costs [34][35] Question: Fleet strategy post-acquisition - The company will focus on growth and fleet renewal, ensuring timely sales of older vessels and acquisitions of newer ones [51]

Group 1: Earnings Performance - Star Bulk Carriers reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, but down from $0.90 per share a year ago, representing an earnings surprise of 28.07% [1] - The company posted revenues of $263.46 million for the quarter, surpassing the Zacks Consensus Estimate by 11.45%, compared to $294.8 million in the same quarter last year [1] - Over the last four quarters, Star Bulk Carriers has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [1] Group 2: Stock Performance and Outlook - Star Bulk Carriers shares have increased approximately 6.4% since the beginning of the year, outperforming the S&P 500's gain of 5.4% [2] - The company's earnings outlook is crucial for future stock movements, with current consensus EPS estimates at $0.80 for the upcoming quarter and $3.17 for the current fiscal year [4] - The estimate revisions trend for Star Bulk Carriers is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Group 3: Industry Context - The Transportation - Shipping industry, to which Star Bulk Carriers belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Seanergy Maritime Holdings Corp, is expected to report quarterly earnings of $0.16 per share, reflecting a year-over-year increase of 220% [5]

Investors are always looking for stocks that are poised to beat at earnings season and Star Bulk Carriers Corp. (SBLK) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Star Bulk is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty ...