Star Bulk Carriers (SBLK) Q3 Earnings Meet Estimates
Star BulkStar Bulk(US:SBLK) ZACKS·2024-11-19 23:16

分组1 - Star Bulk Carriers reported quarterly earnings of $0.71 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.34 per share a year ago [1] - The company posted revenues of $344.28 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 0.57%, and up from $223.09 million year-over-year [2] - Star Bulk Carriers has surpassed consensus revenue estimates three times over the last four quarters [2] 分组2 - The stock has underperformed, losing about 3.9% since the beginning of the year, while the S&P 500 has gained 23.6% [3] - The current consensus EPS estimate for the coming quarter is $0.74 on revenues of $347.76 million, and for the current fiscal year, it is $3.04 on revenues of $1.3 billion [7] - The Zacks Industry Rank for Transportation - Shipping is in the bottom 19% of over 250 Zacks industries, indicating potential challenges for stock performance [8] 分组3 - The estimate revisions trend for Star Bulk Carriers is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, suggesting expected underperformance in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]