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 ...

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Q1 2024 Earnings Conference Call May 15, 2024 10:00 AM ET Company Participants Stamatis Tsantanis - Chairman & Chief Executive Officer Stavros Gyftakis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Liam Burke - B. Riley Financial Kristoffer Skeie - Arctic Securities Operator Thank you for standing by, ladies and gentlemen, and welcome to the Seanergy Maritime Holdings Corp. Conference Call on the First Quarter Ended March 31 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report: Not applicable For the transition period from _______ ...

Exhibit 99.1 Seanergy Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares a Cash Dividend of $0.10 Per Share | Highlights | | | | | | --- | --- | --- | --- | --- | | (in million USD, except EPS) | Q4 2023 | Q4 2022 | 12M 2023 | 12M 2022 | | Net revenues | $39.4 | $28.5 | $110.2 | $125.0 | | Net income | $10.8 | $0.5 | $2.3 | $17.2 | | 1 Adjusted net income | $11.4 | $0.9 | $11.9 | $23.3 | | EBITDA1 | $23.3 | $12.9 | $51.3 | $60.5 | | Adjusted EBIT ...