Seanergy Maritime (US:SHIP) ZACKS·2024-10-10 23:08Company Overview - Seanergy Maritime Holdings Corp (SHIP) closed at $10.71, reflecting a -0.74% change from the previous trading day's closing, which lagged behind the S&P 500's daily loss of 0.21% [1] - Over the past month, shares of the company gained 4.96%, outperforming the Transportation sector's gain of 2.88% but lagging the S&P 500's gain of 5.94% [1] Earnings Forecast - The upcoming earnings release is anticipated to show an EPS of $0.55, representing a 492.86% increase from the same quarter last year [2] - Revenue is expected to be $41.09 million, indicating a 68.04% increase compared to the year-ago quarter [2] Annual Estimates - For the annual period, earnings are projected at $2.38 per share, reflecting a +271.88% change from the previous year [3] - Revenue for the year is estimated at $163.29 million, signifying a +48.13% increase from last year [3] Analyst Projections - Recent shifts in analyst projections for Seanergy Maritime Holdings Corp should be monitored, as upward revisions indicate analysts' positive outlook on the company's business operations [4] - Changes in estimates are correlated with near-term stock prices, and the Zacks Rank system is designed to capitalize on this relationship [5] Zacks Rank and Valuation - The Zacks Rank for Seanergy Maritime Holdings Corp is currently 3 (Hold), with the Consensus EPS estimate remaining stagnant over the past month [6] - The company has a Forward P/E ratio of 4.53, which is a discount compared to the industry's average Forward P/E of 7.55 [7] Industry Context - The Transportation - Shipping industry ranks in the bottom 38% of all industries, with a current Zacks Industry Rank of 158 [7] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]