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Star Bulk Carriers (SBLK) Stock Moves -0.33%: What You Should Know

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In the latest trading session, Star Bulk Carriers (SBLK) closed at $26.96, marking a -0.33% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.91%. Elsewhere, the Dow lost 2.73%, while the tech-heavy Nasdaq lost 0.25%.

Coming into today, shares of the shipping company had lost 4.55% in the past month. In that same time, the Transportation sector lost 0.94%, while the S&P 500 gained 0.84%.

Investors will be hoping for strength from Star Bulk Carriers as it approaches its next earnings release. In that report, analysts expect Star Bulk Carriers to post earnings of $1.97 per share. This would mark year-over-year growth of 56.35%. Meanwhile, our latest consensus estimate is calling for revenue of $399.78 million, up 28.38% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.46 per share and revenue of $1.5 billion. These totals would mark changes of +9.38% and +5.35%, respectively, from last year.

Any recent changes to analyst estimates for Star Bulk Carriers should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 19.89% higher. Star Bulk Carriers currently has a Zacks Rank of #1 (Strong Buy).

Looking at its valuation, Star Bulk Carriers is holding a Forward P/E ratio of 3.62. Its industry sports an average Forward P/E of 4, so we one might conclude that Star Bulk Carriers is trading at a discount comparatively.

The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow SBLK in the coming trading sessions, be sure to utilize Zacks.com.


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