Seanergy Maritime (US:SHIP) ZACKS·2024-10-16 23:05Group 1 - Seanergy Maritime Holdings Corp's stock closed at $10.39, reflecting a +1.86% change from the previous trading day, outperforming the S&P 500's gain of 0.47% [1] - The company's stock has decreased by 5.64% over the past month, underperforming the Transportation sector's gain of 2.33% and the S&P 500's gain of 3.48% [1] Group 2 - The upcoming earnings release is projected to show earnings of $0.55 per share, indicating a year-over-year growth of 492.86%, with revenue expected to be $41.09 million, a 68.04% increase compared to the same quarter last year [2] - Full-year Zacks Consensus Estimates forecast earnings of $2.38 per share and revenue of $163.29 million, representing year-over-year changes of +271.88% and +48.13%, respectively [3] Group 3 - Recent changes to analyst estimates for Seanergy Maritime Holdings Corp reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [4] - Adjustments in estimates are associated with imminent stock price performance, and the Zacks Rank system incorporates these changes to provide a practical rating [5] Group 4 - The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have generated an average annual return of +25% since 1988, with Seanergy Maritime Holdings Corp currently holding a Zacks Rank of 3 (Hold) [6] Group 5 - Seanergy Maritime Holdings Corp has a Forward P/E ratio of 4.29, indicating a discount compared to the industry's average Forward P/E of 7.84 [7] - The Transportation - Shipping industry has a Zacks Industry Rank of 102, placing it in the top 41% of over 250 industries [7] Group 6 - The Zacks Industry Rank assesses the strength of industry groups by calculating the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]