Why the Market Dipped But Star Bulk Carriers (SBLK) Gained Today

Star Bulk Carriers (SBLK) closed the most recent trading day at $14.87, moving +0.41% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.46%. Meanwhile, the Dow gained 0.65%, and the Nasdaq, a tech-heavy index, lost 3.07%.Shares of the shipping company have depreciated by 0.27% over the course of the past month, underperforming the Transportation sector's gain of 3.93% and the S&P 500's gain of 1.08%.Investors will be eagerly watching for the performance of Star Bulk Carriers in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.45, marking a 38.36% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $291.96 million, up 10.82% from the year-ago period.It is also important to note the recent changes to analyst estimates for Star Bulk Carriers. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 11.04% higher. Star Bulk Carriers is currently a Zacks Rank #4 (Sell).From a valuation perspective, Star Bulk Carriers is currently exchanging hands at a Forward P/E ratio of 5.88. This signifies a discount in comparison to the average Forward P/E of 7.92 for its industry.The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 241, which puts it in the bottom 4% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Star Bulk Carriers Corp. (SBLK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks