Star Bulk Carriers (SBLK) Registers a Bigger Fall Than the Market: Important Facts to Note

Core Insights - Star Bulk Carriers (SBLK) stock closed at $17.98, reflecting a -1.53% change from the previous day, underperforming compared to the S&P 500's loss of 1.17% [1] - The upcoming earnings release is anticipated, with projected EPS at $0.28, indicating a significant 60.56% decline year-over-year, and revenue expected at $266.75 million, down 22.52% from the same quarter last year [2] - For the full year, earnings are estimated at $0.96 per share and revenue at $1.04 billion, representing declines of -63.5% and -17.99% respectively compared to the previous year [3] Analyst Estimates and Rankings - Recent analyst estimate revisions indicate a changing business outlook, with positive revisions suggesting optimism [3] - The Zacks Rank system, which assesses estimate changes, currently ranks Star Bulk Carriers at 4 (Sell), with the consensus EPS estimate decreasing by 8.79% in the past month [5] - The Zacks Rank has a proven track record, with 1 rated stocks averaging a +25% annual return since 1988 [5] Valuation Metrics - Star Bulk Carriers has a Forward P/E ratio of 19.02, which is a premium compared to the industry average Forward P/E of 12.35 [6] - The Transportation - Shipping industry holds a Zacks Industry Rank of 46, placing it in the top 19% of over 250 industries [6][7]