Core Points - Seanergy Maritime Holdings Corp. will release its financial results for the second quarter and six months ended June 30, 2024, before the market opens on August 6, 2024 [1] - A conference call and simultaneous Internet webcast will be held on August 6, 2024, at 11:00 a.m. Eastern Time to review these results [2] Company Overview - Seanergy Maritime Holdings Corp. is a prominent pure-play Capesize ship-owner publicly listed in the U.S. [5] - The company provides marine dry bulk transportation services through a modern fleet of Capesize vessels, consisting of 18 vessels (1 Newcastlemax and 17 Capesize) with an average age of approximately 13.4 years and an aggregate cargo carrying capacity of approximately 3,236,212 dwt [5] - Upon completion of the delivery of a previously announced Capesize vessel acquisition, the fleet will consist of 19 vessels (1 Newcastlemax and 18 Capesize) with an aggregate cargo carrying capacity of approximately 3,417,608 dwt [5] - The company is incorporated in the Republic of the Marshall Islands and has executive offices in Glyfada, Greece, with common shares trading on the Nasdaq Capital Market under the symbol "SHIP" [6]

Core Insights - The Transportation - Shipping industry is currently ranked 48 in the Zacks Industry Rank, placing it in the top 20% of over 250 industries [1] Company Performance - Seanergy Maritime Holdings Corp (SHIP) closed at $9.65, reflecting a decrease of 1.93% from the previous day, underperforming the S&P 500's gain of 0.28% [2] - The upcoming financial results for Seanergy Maritime Holdings Corp are anticipated to show an EPS of $0.70, representing a significant increase of 288.89% year-over-year, with revenue expected to reach $41.01 million, indicating a growth of 44.76% compared to the same quarter last year [3] - Over the past month, shares of Seanergy Maritime Holdings Corp have declined by 7.43%, contrasting with a slight gain of 0.03% in the Transportation sector and a 3.78% increase in the S&P 500 [7] Analyst Estimates - Recent changes in analyst estimates for Seanergy Maritime Holdings Corp suggest positive sentiment regarding the company's business operations and profit generation capabilities [4] - The Zacks Consensus Estimates project annual earnings of $2.60 per share and revenue of $166.35 million, reflecting increases of 306.25% and 50.91% respectively from the previous year [8] Valuation Metrics - Seanergy Maritime Holdings Corp is currently trading at a Forward P/E ratio of 3.79, which is below the industry average Forward P/E of 7.05, indicating a potential undervaluation [10] Zacks Rank - Seanergy Maritime Holdings Corp holds a Zacks Rank of 1 (Strong Buy), which has historically delivered an average annual return of +25% since 1988 [5]

Company Overview - Seanergy Maritime Holdings Corp (SHIP) closed at $10.22, reflecting a +0.89% change from the previous session, outperforming the S&P 500's gain of 0.07% [1] - The company is currently rated as a Zacks Rank 1 (Strong Buy), indicating a favorable outlook based on historical performance [3] Earnings Estimates - Analysts expect Seanergy to report earnings of $2.60 per share and revenue of $166.35 million for the full year, representing increases of +306.25% and +50.91% respectively compared to the previous year [2] - For the upcoming earnings release, an EPS of $0.70 is anticipated, marking a 288.89% rise year-over-year, with revenue expected to reach $41.01 million, a 44.76% increase from the same quarter last year [5] Industry Context - The Transportation - Shipping industry, which includes Seanergy, holds a Zacks Industry Rank of 39, placing it in the top 16% of over 250 industries [7] - The stock has experienced a decline of 16.69% over the past month, underperforming the Transportation sector's loss of 2.17% and the S&P 500's gain of 4.34% [8] Valuation Metrics - Seanergy Maritime Holdings Corp is currently trading at a Forward P/E ratio of 3.9, which is significantly lower than the industry average Forward P/E of 7.23, indicating that the company is trading at a discount compared to its peers [10]

Company Performance - Seanergy Maritime Holdings Corp (SHIP) closed at $10.16, reflecting a -1.07% change from the previous day, underperforming the S&P 500's gain of 0.09% [1] - Over the past month, SHIP's shares have decreased by 14.49%, significantly trailing the Transportation sector's loss of 2.02% and the S&P 500's gain of 2.83% [1] Earnings Expectations - The upcoming earnings disclosure is expected to show an EPS of $0.70, representing a substantial increase of 288.89% year-over-year [2] - Revenue is forecasted to be $41.01 million, indicating a growth of 44.76% compared to the same quarter last year [2] - Full-year Zacks Consensus Estimates predict earnings of $2.60 per share and revenue of $166.35 million, reflecting year-over-year increases of 306.25% and 50.91%, respectively [7] Analyst Sentiment - The Zacks Rank system currently rates Seanergy Maritime Holdings Corp as 1 (Strong Buy), indicating a favorable outlook based on historical performance [4] - Recent changes in analyst estimates suggest a positive sentiment regarding the company's business health and profitability [3] Valuation Metrics - The company is trading at a Forward P/E ratio of 3.96, which is below the industry average Forward P/E of 7.63, suggesting a potential undervaluation [5] Industry Context - The Transportation - Shipping industry holds a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries, indicating strong relative performance [9]

Core Viewpoint - Seanergy Maritime Holdings Corp (SHIP) has gained attention as one of the most searched stocks, indicating potential interest from investors and analysts [1] Earnings Estimate Revisions - The consensus earnings estimate for the current fiscal year is $2.60, reflecting a significant increase of +306.3% from the previous year, with no changes in the last 30 days [4] - For the current quarter, earnings are expected to be $0.70 per share, indicating a change of +288.9% from the same quarter last year, with the estimate remaining unchanged [9] - The next fiscal year's consensus earnings estimate is $2.23, showing a decrease of -14% from the expected report a year ago, with no changes in the last month [10] Revenue Performance - Seanergy Maritime Holdings reported revenues of $38.29 million in the last quarter, representing a year-over-year increase of +112.4% [6] - The reported revenues exceeded the Zacks Consensus Estimate of $34 million by +12.63%, and the EPS surprise was +96.55% [7] - The consensus sales estimate for the current quarter is $41.01 million, indicating a year-over-year change of +44.8%, while estimates for the current and next fiscal years are $166.35 million and $159.66 million, reflecting changes of +50.9% and -4%, respectively [16] Stock Rating and Valuation - Seanergy Maritime Holdings has a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on earnings estimate revisions and other factors [5] - The company is graded B in the Zacks Value Style Score, suggesting it is trading at a discount compared to its peers [20]

Core Insights - The article emphasizes the importance of Zacks' ranking system, which focuses on earnings estimates and revisions to identify winning stocks [1] - Value investing is highlighted as a popular strategy for finding undervalued stocks that offer profit potential [2] - The Style Scores system is introduced as a tool for investors to find stocks with specific traits, particularly in the "Value" category [3] Company Analysis: Seanergy Maritime Holdings (SHIP) - Seanergy Maritime Holdings (SHIP) has a Zacks Rank of 1 (Strong Buy) and an A grade for Value, indicating it is a high-quality value stock [4] - SHIP's Forward P/E ratio is 4.40, significantly lower than the industry's average of 6.86, with historical fluctuations between 60.23 and 4.37 over the past year [4] - The company has a P/B ratio of 0.87, which is attractive compared to the industry's average P/B of 2.07, with a historical range of 1.07 to 0.34 [5] - SHIP's P/CF ratio stands at 4.36, also favorable against the industry's average of 10.04, with a historical range of 6.16 to 1.84 [6] - These metrics suggest that SHIP is likely undervalued, and its strong earnings outlook further supports its status as an impressive value stock [7]

Company Performance - Seanergy Maritime Holdings Corp closed at $10.72, with a daily increase of +0.85%, outperforming the S&P 500's gain of 0.77% [1] - The stock has experienced an 11.64% decline over the past month, which is worse than the Transportation sector's loss of 5.79% and the S&P 500's gain of 3.71% [7] Earnings Estimates - The upcoming earnings report projects earnings per share (EPS) of $0.70, indicating a significant increase of 288.89% year-over-year [2] - Revenue is expected to reach $41.01 million, reflecting a 44.76% increase compared to the same quarter last year [2] - For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.60 per share and revenue of $166.35 million, representing increases of +306.25% and +50.91% respectively [8] Analyst Sentiment - Recent adjustments to analyst estimates are crucial, as positive revisions indicate optimism regarding the company's business and profitability [3] - The Zacks Rank system currently rates Seanergy Maritime Holdings Corp as 1 (Strong Buy), suggesting strong potential for returns [4] Industry Context - The Transportation - Shipping industry is ranked 83 in the Zacks Industry Rank, placing it in the top 33% of over 250 industries [5] - The average Forward P/E ratio for Seanergy Maritime Holdings Corp is 4.1, which is below the industry average of 7.55, indicating a potential valuation opportunity [10]

Core Insights - Seanergy Maritime Holdings is projected to report earnings of $0.70 per share for the current quarter, reflecting a year-over-year increase of +288.9% [1] - The consensus earnings estimate for the current fiscal year stands at $2.60, indicating a change of +306.3% from the previous year [6] - The company has shown strong revenue growth, with reported revenues of $38.29 million in the last quarter, marking a year-over-year increase of +112.4% [4] Earnings Performance - Over the past four quarters, Seanergy Maritime Holdings has surpassed consensus EPS estimates three times and has exceeded revenue estimates each time [9] - The company’s EPS for the last reported quarter was $0.57, compared to -$0.02 a year ago, showcasing significant improvement [4] - The EPS surprise for the last quarter was +96.55%, indicating a strong performance relative to expectations [18] Revenue Growth - The consensus sales estimate for the current quarter is $41.01 million, which represents a year-over-year change of +44.8% [8] - For the current and next fiscal years, revenue estimates are $166.35 million and $159.66 million, indicating changes of +50.9% and -4%, respectively [8] Stock Valuation - Seanergy Maritime Holdings is currently graded B in terms of valuation, suggesting it is trading at a discount compared to its peers [23] - The Zacks Rank for the company is 1 (Strong Buy), indicating a favorable outlook based on earnings estimate revisions [7] - The company’s valuation multiples, such as P/E, P/S, and P/CF, should be compared to historical values and peers to assess whether the stock is fairly valued [2] Market Performance - Over the past month, shares of Seanergy Maritime Holdings have returned -5.1%, contrasting with the Zacks S&P 500 composite's +4.2% change [5] - The Zacks Transportation - Shipping industry, which includes Seanergy Maritime Holdings, has experienced a loss of 1.4% during the same period [5]

About Seanergy Maritime Holdings Corp. GLYFADA, Greece, June 13, 2024 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the "Company" or "Seanergy") (NASDAQ:SHIP) announced today the delivery of a previously-announced Capesize vessel acquisition, the M/V Iconship (the "Vessel"), and the simultaneous commencement of its time charter ("T/C") employment. The Vessel is a 181,392 dwt Capesize bulk carrier, built in 2013 by Imabari Shipbuilding Co., Ltd., in Japan. The M/V Iconship has been fixed on a time-ch ...

Group 1 - Seanergy Maritime Holdings Corp (SHIP) closed at $11.47, with a 6.8% gain over the past four weeks, and a mean price target of $14.67 suggests a 27.9% upside potential [1] - The average price target ranges from a low of $14 to a high of $15, with a standard deviation of $0.58, indicating strong agreement among analysts [6] - Analysts have shown optimism regarding SHIP's earnings prospects, with two estimates moving higher in the last 30 days, resulting in a 44.9% increase in the Zacks Consensus Estimate [11] Group 2 - SHIP holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [12] - The correlation between earnings estimate revisions and near-term stock price movements supports the expectation of an upside in SHIP's stock [10] - Analysts' tendency to set overly optimistic price targets due to business incentives can mislead investors, suggesting that price targets should be approached with skepticism [8][9]