Core Viewpoint - Investors are encouraged to focus on breakout stocks, which are stocks poised to rise above their established trading bands for potential significant returns [1]. Group 1: Breakout Stock Selection - Breakout stocks are identified by calculating their support and resistance levels, where support is the lower price limit and resistance is the upper price limit [3][4]. - A genuine breakout occurs when a stock surpasses its resistance level, which then becomes its new support level, indicating a potential for continued upward movement [6]. Group 2: Screening Criteria - The selection criteria for breakout stocks include: - A percentage price change over four weeks between 10% and 20% [7]. - A current price that is at least 90% of the 52-week high [7]. - A Zacks Rank of 2 or better, indicating strong buy potential [7]. - A beta of 2 or less, suggesting reasonable volatility compared to the broader market [8]. - A current price of $20 or less, ensuring affordability [8]. Group 3: Featured Breakout Stocks - BrightView (BV) is a commercial landscaping service provider in the U.S. with an expected earnings growth rate of 78.6% for the current year and a Zacks Rank of 2 [8]. - Kronos Worldwide (KRO) is a leading producer of TiO2 with an expected earnings growth rate of 297.7% for the current year and a Zacks Rank of 2 [9]. - Seanergy Maritime Holdings (SHIP) is a pure-play Capesize ship owner in the U.S. with an expected earnings growth rate of 306.3% for the current year and a Zacks Rank of 2 [10].

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. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Core Viewpoint - Seanergy Maritime Holdings Corp (SHIP) has gained significant attention from investors, with a notable stock performance in comparison to the broader market and its industry peers [1][2]. Earnings Performance - The company is expected to report earnings of $0.70 per share for the current quarter, reflecting a year-over-year increase of +288.9% and a 30-day estimate change of +76.4% [5]. - The consensus earnings estimate for the current fiscal year stands at $2.60, indicating a year-over-year change of +306.3%, with a 30-day estimate change of +44.9% [5]. - For the next fiscal year, the consensus earnings estimate is $2.23, representing a decrease of -14% from the previous year, although it has increased by +35.2% over the past month [6]. Revenue Growth - The consensus sales estimate for the current quarter is $41.01 million, indicating a year-over-year change of +44.8% [9]. - The sales estimates for the current and next fiscal years are $166.35 million and $159.66 million, reflecting changes of +50.9% and -4%, respectively [9]. Recent Financial Results - In the last reported quarter, Seanergy Maritime Holdings achieved revenues of $38.29 million, a year-over-year increase of +112.4%, and an EPS of $0.57 compared to -$0.02 a year ago [10]. - The company exceeded the Zacks Consensus Estimate for revenues by +12.63% and for EPS by +96.55% [10]. - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped revenue estimates each time [11]. Valuation Metrics - Seanergy Maritime Holdings is graded B in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [15]. - The assessment of valuation multiples such as P/E, P/S, and P/CF is crucial for determining whether the stock is fairly valued, overvalued, or undervalued [13][14]. Investment Outlook - The Zacks Rank for Seanergy Maritime Holdings is 1 (Strong Buy), suggesting potential outperformance in the near term [7][16].

GLYFADA, Greece, May 31, 2024 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the "Company" or "Seanergy") (NASDAQ:SHIP) announced today that the Company's Chairman & Chief Executive Officer, Stamatis Tsantanis, was interviewed by Mr. Oliver Renick on the Morning Trade Live program at the Schwab Network, at 10:20am ET. To watch a replay of the live interview, please follow the link below: Following a profitable performance in 2023, Stamatis Tsantanis reviewed Seanergy's strong 1Q24 earnings and outloo ...

Core Insights - Seanergy Maritime Holdings Corp (SHIP) has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy based on recommendations from four brokerage firms, all of which are Strong Buy [2][4] - Despite the positive ABR, reliance solely on brokerage recommendations may not be advisable, as studies suggest they often fail to guide investors effectively [4][9] - The Zacks Rank, a proprietary stock rating tool, is presented as a more reliable indicator of near-term price performance compared to ABR, as it incorporates earnings estimate revisions [7][10] Brokerage Recommendations - The current ABR for Seanergy Maritime Holdings is 1.00, with 100% of the recommendations being Strong Buy [2] - Brokerage firms tend to exhibit a positive bias in their ratings, often issuing five Strong Buy recommendations for every Strong Sell [5][9] - The interests of brokerage firms may not align with those of retail investors, leading to potential misguidance [6][9] Zacks Rank Comparison - Zacks Rank is distinct from ABR, being a quantitative model based on earnings estimate revisions, while ABR is based solely on brokerage recommendations [8][11] - The Zacks Rank is timely and reflects current business trends, unlike ABR, which may not be up-to-date [11] - Seanergy Maritime Holdings currently holds a Zacks Rank of 3 (Hold), indicating a cautious outlook despite the Strong Buy ABR [12][13] Earnings Estimates - The Zacks Consensus Estimate for Seanergy Maritime Holdings has remained unchanged at $1.30 over the past month, suggesting stable analyst views on earnings prospects [12] - The unchanged consensus estimate contributes to the Zacks Rank of 3, indicating potential performance in line with the broader market [12][13]

Seanergy Maritime Holdings Corp (SHIP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this company have returned +35.1% over the past month versus the Zacks S&P 500 composite's +7.3% change. The Zacks Transportation - Shipping industry, to which Seanergy Maritime Holdings belongs, has gained 21.6% over this period. Now the key question is: Where could t ...

Financial Performance - Seanergy Maritime reported record net revenues of $38.3 million for Q1 2024, a 113.9% increase from $18.0 million in Q1 2023[3]. - The company achieved a net income of $10.2 million in Q1 2024, compared to a net loss of $4.2 million in the same period last year[3]. - Adjusted EBITDA for Q1 2024 was $23.2 million, significantly up from $3.9 million in Q1 2023, reflecting strong operational performance[3]. - Vessel revenue for Q1 2024 increased to $37,774,000, up 117.5% from $17,384,000 in Q1 2023[18]. - Net income for Q1 2024 was $10,161,000, a significant recovery from a net loss of $4,185,000 in Q1 2023[19]. - Adjusted EBITDA for Q1 2024 reached $23,202,000, compared to $3,903,000 in Q1 2023, indicating a substantial improvement in operational performance[21]. Market Conditions - The daily Time Charter Equivalent (TCE) for the fleet reached $24,073 in Q1 2024, compared to $11,005 in Q1 2023, indicating improved market conditions[3]. - For Q2 2024, the company expects a daily TCE of approximately $26,400, outperforming the Capesize market due to proactive hedging strategies[9]. - The Capesize market showed strong performance in Q1 2024, with Brazilian iron ore exports rising about 12% year-on-year, contributing to improved earnings[11]. - Time charter equivalent (TCE) rate for Q1 2024 was $24,073, compared to $11,005 in Q1 2023, representing a 118.5% increase[18]. Dividends and Shareholder Returns - The company declared a total cash dividend of $0.15 per share for Q1 2024, including a special cash dividend of $0.125 per share[2]. - The company has declared total cash dividends of $1.60 per share, or $29.6 million, since March 2022, reflecting its commitment to shareholder returns[8]. - The company declared a quarterly cash dividend of $0.025 per common share for Q1 2024, along with a special dividend of $0.125 per common share[24]. - The company declared dividends of $2,001,000 in Q1 2024, an increase from $500,000 in Q1 2023[37]. Fleet Expansion and Acquisitions - Seanergy plans to acquire two Japanese Capesize vessels, with estimated deliveries in Q2 and H2 2024, enhancing fleet capacity[5]. - The company agreed to acquire two Capesize bulk carriers for a total of $69.3 million, expected to be funded through cash and debt financing[27][28]. - The operating fleet consists of 17 vessels with a total cargo carrying capacity of approximately 3,054,820 dwt, expected to increase to 19 vessels with a capacity of approximately 3,417,608 dwt upon delivery of two new Capesize vessels[38]. - The company plans to continue expanding its fleet and enhancing its operational capabilities through strategic acquisitions[41]. Cash Flow and Financial Position - Cash and cash-equivalents as of March 31, 2024, were $24.2 million, with stockholders' equity at $240.6 million[4]. - Net cash provided by operating activities for Q1 2024 was $14,458,000, a significant increase from a cash usage of $264,000 in Q1 2023[37]. - Total net cash used in investing activities was $8,123,000 in Q1 2024, compared to a net cash provided of $23,863,000 in Q1 2023[37]. - Repayments of long-term debt and other financial liabilities amounted to $8,489,000 in Q1 2024, down from $22,994,000 in Q1 2023[37]. - Cash paid for interest during Q1 2024 was $4,679,000, compared to $4,422,000 in Q1 2023[37]. Risks and Future Outlook - Forward-looking statements indicate potential risks including market trends and competitive factors that may impact future performance[41]. - The company has initiated an "at-the-market" equity offering program, raising $2.6 million by selling 267,585 common shares at an average price of $9.67[25]. Stock Market Information - The company is publicly listed on the Nasdaq Capital Market under the symbol "SHIP"[39].

Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply res ...

Financial Data and Key Metrics Changes - For Q1 2024, the company achieved record profitability with a net income of approximately $10 million, compared to a net loss of $4.2 million in the same period last year, translating to an EPS of $0.50 [39][57] - Net revenues reached $38.3 million, more than double the $18 million from the previous year, with an average Time Charter Equivalent (TCE) rate of over $24,000 per day [39][57] - Adjusted EBITDA rose to $23.2 million, almost fivefold from the respective figure of last year [57] Business Line Data and Key Metrics Changes - The Capesize market remained strong, with elevated levels driven by increased on-mile demand and restricted ship supply, leading to a 10% rise in Brazilian iron ore exports compared to the last quarter [6][25] - The order book for Capesize vessels is at one of the lowest points in over 20 years, with net fleet growth expected to be around 1.5% in 2024 [7][10] Market Data and Key Metrics Changes - China's port iron ore stockpiles reached a low point in 2023, driving a 7.2% year-on-year increase in imports for 2024 [6] - Coal imports rose by around 13% during a period of low domestic production, supporting the overall dry bulk market [42] Company Strategy and Development Direction - The company aims to balance rewarding shareholders, pursuing growth opportunities, and maintaining a strong balance sheet, with a loan-to-value ratio of approximately 40% [26] - The company has agreed to acquire two Japanese Capesize vessels for a combined cost of $69.3 million, funded through cash and debt [40][41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong Capesize outlook and the ability to continue rewarding shareholders with dividends, having declared a total quarterly dividend of $0.15 per share [56] - The company expects to generate significant cash flows moving forward, with ton-mile demand growth for Capesize cargoes projected to be about 3% to 4% higher in 2024 [59][60] Other Important Information - The company has been proactive in refinancing activities, entering into sale and leaseback agreements totaling $58.3 million to finance vessel acquisitions [41] - Management is aware of ongoing complaints from an investor but emphasizes a focus on executing the corporate strategy and creating shareholder value [43] Q&A Session All Questions and Answers Question: What is the outlook for distributions going forward? - Management indicated that they have been rewarding shareholders significantly and hope to continue expanding the dividend payout as market conditions allow [17] Question: Is coal going to be a positive for the company for the balance of 2024? - Management noted strong coal demand driven by energy needs in Southeast Asia and India, with expectations that coal trade will remain robust [66] Question: What are the expectations for the second half of 2024 regarding TCE rates? - Management expects TCE rates to be around $26,400 per day, likely outperforming the Capesize market [56]