Earnings Estimates Moving Higher for Star Bulk Carriers (SBLK): Time to Buy?


Star Bulk Carriers Corp. (NASD:SBLK), a shipping services company, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SBLK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Star Bulk Carriers could be a solid choice for investors.   

Current Quarter Estimates for SBLK

In the past 30 days, 1 estimate has gone higher for Star Bulk Carriers while none have moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 7 cents a share 30 days ago, to 12 cents today, a move of 71.4%.

Current Year Estimates for SBLK

Meanwhile, Star Bulk Carriers’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none moving lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 36 cents per share 30 days ago to 47 cents per share today, an increase of 30.6%.   

Bottom Line

The stock has also started to move higher lately, adding 45.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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