Seanergy Maritime (US:SHIP) ZACKS·2024-06-14 14:00Core Insights - Seanergy Maritime Holdings is projected to report earnings of $0.70 per share for the current quarter, reflecting a year-over-year increase of +288.9% [1] - The consensus earnings estimate for the current fiscal year stands at $2.60, indicating a change of +306.3% from the previous year [6] - The company has shown strong revenue growth, with reported revenues of $38.29 million in the last quarter, marking a year-over-year increase of +112.4% [4] Earnings Performance - Over the past four quarters, Seanergy Maritime Holdings has surpassed consensus EPS estimates three times and has exceeded revenue estimates each time [9] - The company’s EPS for the last reported quarter was $0.57, compared to -$0.02 a year ago, showcasing significant improvement [4] - The EPS surprise for the last quarter was +96.55%, indicating a strong performance relative to expectations [18] Revenue Growth - The consensus sales estimate for the current quarter is $41.01 million, which represents a year-over-year change of +44.8% [8] - For the current and next fiscal years, revenue estimates are $166.35 million and $159.66 million, indicating changes of +50.9% and -4%, respectively [8] Stock Valuation - Seanergy Maritime Holdings is currently graded B in terms of valuation, suggesting it is trading at a discount compared to its peers [23] - The Zacks Rank for the company is 1 (Strong Buy), indicating a favorable outlook based on earnings estimate revisions [7] - The company’s valuation multiples, such as P/E, P/S, and P/CF, should be compared to historical values and peers to assess whether the stock is fairly valued [2] Market Performance - Over the past month, shares of Seanergy Maritime Holdings have returned -5.1%, contrasting with the Zacks S&P 500 composite's +4.2% change [5] - The Zacks Transportation - Shipping industry, which includes Seanergy Maritime Holdings, has experienced a loss of 1.4% during the same period [5]