Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in navigating significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2] - The individual has a background in auditing with PricewaterhouseCoopers before transitioning to day trading [2]

Seanergy Maritime Holdings Corp (SHIP) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 38.64%. A quarter ago, it was expected that this company would post earnings of $0.28 per share when it actually produced earnings of $0.34, delivering a surprise of 21.43%.Over the last four quarters, ...

Seanergy Maritime Holdings Corp (SHIP) Q1 2025 Earnings Call May 27, 2025 09:00 AM ET Company Participants Stamatios Tsantanis - Chairman & CEOStavros Gyftakis - Chief Financial OfficerLiam Burke - Managing Director Conference Call Participants Mark Reichman - Senior Research AnalystTate Sullivan - Managing Director & Senior Industrials AnalystLars Moen Eide - Equity Research Analyst Operator Thank you for standing by, ladies and gentlemen, and welcome to the Synergy Maritime Holdings Corp. Conference Call ...

Financial Data and Key Metrics Changes - In Q1 2025, the company recorded revenue of $24.2 million, EBITDA of $6.6 million, and a net loss of $6.8 million, compared to $38.3 million in revenue and a TCE of $24.1 million in the same period last year [5][10] - The cash balance at the end of the quarter stood at $31 million, reflecting a strong and flexible balance sheet despite the quarterly loss [5][11] - Adjusted EBITDA was $8 million, with an adjusted net loss of $5.2 million, indicating a focus on returning to profitability in the upcoming quarters [10][11] Business Line Data and Key Metrics Changes - The daily time charter equivalent (TCE) achieved was $13,400, which was about 3% above the Baltic Capesize Index average [7][10] - The company expects TCE levels to recover to over $19,000 per day in Q2, indicating a strong quarter-on-quarter improvement [7][11] Market Data and Key Metrics Changes - The Capesize market experienced a temporary correction in Q1 2025, influenced by severe weather disruptions and high inventories from 2024, but rates rebounded sharply in March [15][16] - The Capesize and Newcastle Max order book is currently below 8%, indicating constrained vessel supply growth, which is expected to support earnings [16][17] - Global steel demand remains resilient, with iron ore imports growing due to depletion of domestic mines, while bauxite exports from Guinea have increased by 43% year-to-date [18][20] Company Strategy and Development Direction - The company is focused on disciplined growth, balance sheet strength, and delivering value to shareholders, with a commitment to capital returns and strategic fleet growth [4][21] - The strategy is built on three pillars: capital returns, strategic fleet growth, and balance sheet strength, positioning the company well in the Capesize market [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the Capesize market, despite short-term volatility [4][15] - The company anticipates a return to profitability in Q2, supported by stronger market conditions and freight hedging activities [10][11] - Management highlighted that the effective supply of Capesize vessels is expected to tighten progressively in the coming quarters, creating a supportive environment for earnings [21] Other Important Information - The company has secured long-term coverage for roughly one-third of its available days at an average daily rate exceeding $22,000, reflecting a commitment to securing profitable cash flows [9][11] - The company has no balloon payments due until Q2 2026, allowing for operational flexibility and sustained returns [14][15] Q&A Session Summary Question: Can you walk us through the dry dock schedule? - The company has approximately seven ships remaining for dry docking this year, with expected CapEx of around $10 million to $14 million for the second, third, and fourth quarters [24][26] Question: What are the company's strategic and capital allocation priorities? - The company plans to distribute a significant part of cash flow in dividends and continue with buybacks, while currently not pursuing further acquisitions due to limited asset availability [27][28] Question: Who are the competitors in the market for purchasing Capesize vessels? - The company has a right of first offer on several ships and maintains strong relationships with potential sellers and commercial operators, which aids in securing favorable agreements [32][33] Question: How much can bauxite support demand over time? - Bauxite exports have increased significantly, and while a flat demand is expected, the company anticipates continued strong volumes from West Africa [38][39] Question: What are the near-term market catalysts being tracked? - The company is monitoring export projections from major miners, which need to increase to meet their stated goals, indicating potential for higher rates in the second half of the year [50][51]

Highlights (in million USD, except EPS)Q1 2025Q1 2024Net Revenues$24.2$38.3Net (loss) / income($6.8)$10.2Adjusted net (loss) / income1($5.2)$11.6EBITDA1$6.6$21.6Adjusted EBITDA1$8.0$23.2   (Loss) / earnings / per share Basic & Diluted($0.34)$0.50Adjusted (loss) / earnings per share Basic1  ($0.27)$0.58Adjusted (loss) / earnings per share Diluted1($0.27)$0.57    Other Highlights and Developments: Fleet TCE2 of $13,403, outperforming the Baltic Capesize Index (“BCI”) by 3% in Q1 2025Declared $0.05 per share ...

Earnings Release: Tuesday, May 27, 2025, Before Market Open in New YorkConference Call and Webcast: Tuesday, May 27, 2025, at 09:00 a.m. Eastern Time GLYFADA, Greece, May 22, 2025 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today that it will release its financial results for the first quarter ended March 31, 2025, prior to the open of the market in New York on Tuesday, May 27, 2025. Seanergy’s senior management will conduct a conference call a ...

Core Insights - Seanergy Maritime Holdings Corp (SHIP) is positioned to potentially continue its earnings-beat streak in upcoming reports, having surpassed earnings estimates by an average of 16.36% in the last two quarters [1][5]. Earnings Performance - For the last reported quarter, Seanergy Maritime Holdings achieved earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, resulting in a surprise of 21.43% [2]. - In the previous quarter, the company was expected to report earnings of $0.62 per share but delivered $0.69 per share, yielding a surprise of 11.29% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Seanergy Maritime Holdings, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for the company stands at +12.64%, suggesting increased analyst optimism regarding its near-term earnings potential [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Seanergy Maritime Holdings Corp (SHIP) .Seanergy Maritime Holdings currently has an average bro ...

Seanergy Maritime Holdings Corp (SHIP) closed the latest trading day at $5.42, indicating a -1.63% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq gained 0.27%.The company's shares have seen an increase of 7.93% over the last month, surpassing the Transportation sector's gain of 5.96% and falling behind the S&P 500's gain of 10.62%.The upcoming earnings release of Seanergy Maritime H ...

Company Performance - Seanergy Maritime Holdings Corp (SHIP) closed at $5.60, down 0.53% from the previous trading session, underperforming the S&P 500 which gained 0.63% [1] - The stock has decreased by 11.2% over the past month, compared to a 5.27% loss in the Transportation sector and a 0.7% loss in the S&P 500 [1] Financial Expectations - The upcoming earnings report is expected to show an EPS of -$0.44, a decline of 177.19% from the same quarter last year [2] - Revenue is projected to be $23.16 million, reflecting a 39.51% decrease from the equivalent quarter last year [2] - Full-year estimates predict earnings of $0.62 per share and revenue of $147.39 million, indicating year-over-year changes of -73.95% and -11.98% respectively [3] Analyst Estimates and Ratings - Recent modifications to analyst estimates are crucial as they reflect short-term business trends, with positive revisions indicating analyst optimism [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Seanergy Maritime Holdings Corp at 4 (Sell) [6] - Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged [6] Valuation Metrics - Seanergy Maritime Holdings Corp has a Forward P/E ratio of 9.15, which is a discount compared to the industry average Forward P/E of 9.23 [7] - The Transportation - Shipping industry holds a Zacks Industry Rank of 228, placing it in the bottom 8% of over 250 industries [7]