The latest trading session saw Star Bulk Carriers (SBLK) ending at $22.80, denoting a -1.68% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.51%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 0.93%.Coming into today, shares of the shipping company had lost 5.46% in the past month. In that same time, the Transportation sector lost 1.66%, while the S&P 500 lost 0.26%.Market participants will be closely following the financial re ...

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ATHENS, Greece, July 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), today announced that it will release its results for the second quarter ended June 30, 2024, after the market closes in New York on Wednesday, August 7, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Thursday, August 8, 2024 at 11:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minut ...

Core Viewpoint - Wall Street analysts' recommendations, particularly for Star Bulk Carriers (SBLK), show a strong average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy, but the reliability of these recommendations is questionable due to potential biases from brokerage firms [1][2]. Brokerage Recommendation Trends for SBLK - The current ABR for SBLK is 1.00, based on four Strong Buy recommendations from brokerage firms, representing 100% of the recommendations [1]. - Studies indicate that brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation potential [2]. - Brokerage firms tend to exhibit a strong positive bias, with a ratio of five Strong Buy recommendations for every Strong Sell [2][3]. Zacks Rank vs. ABR - Zacks Rank, a proprietary stock rating tool, categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) and is based on earnings estimate revisions, which correlate strongly with near-term stock price movements [3][5]. - The ABR is calculated solely from brokerage recommendations and may not be up-to-date, while Zacks Rank reflects timely earnings estimate revisions [4][5]. Investment Viability of SBLK - The Zacks Consensus Estimate for SBLK has declined by 1.6% over the past month to $3.75, indicating growing pessimism among analysts regarding the company's earnings prospects [6]. - This decline in earnings estimates has resulted in a Zacks Rank of 5 (Strong Sell) for SBLK, suggesting caution despite the Buy-equivalent ABR [6].

Core Viewpoint - Wall Street analysts' recommendations, particularly for Star Bulk Carriers (SBLK), show a strong positive bias, with an average brokerage recommendation (ABR) of 1.00 indicating a Strong Buy, but this may not accurately reflect the stock's potential for price appreciation [1][2]. Group 1: Brokerage Recommendations - Star Bulk Carriers has an ABR of 1.00, with all four brokerage recommendations classified as Strong Buy, representing 100% of the recommendations [1]. - Despite the strong ABR, studies indicate that brokerage recommendations often fail to guide investors effectively towards stocks with high price appreciation potential [2]. - Brokerage analysts tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" recommendation [2][3]. Group 2: Zacks Rank Comparison - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) and is based on earnings estimate revisions, making it a more reliable indicator of near-term stock performance [3][5]. - The Zacks Rank is distinct from the ABR, as it is a quantitative model that reflects timely earnings estimate revisions, while the ABR may not be up-to-date [4][6]. - Star Bulk Carriers currently holds a Zacks Rank of 3 (Hold), indicating a cautious outlook despite the strong ABR [7]. Group 3: Earnings Estimates - The Zacks Consensus Estimate for Star Bulk Carriers remains unchanged at $3.78 for the current year, suggesting stable analyst views on the company's earnings prospects [7]. - The unchanged consensus estimate may lead to the stock performing in line with the broader market in the near term [7].

FINANCIAL RESULTS Q1 2024 MAY 2024 Forward-Looking Statements Thispresentationcontainscertainforward-lookingstatements.ThesestatementsaremadepursuanttothesafeharborprovisionsofthePrivateSecuritiesLitigationReformActof1995.Such statementsmayincludestatementsconcerningtheCompany’splans,objectives,goals,strategies,futureeventsorperformance,andunderlyingassumptionsandotherstatements,whichare other than statements of historical facts, identified by words such as “believe,” “expect,” “anticipate,” “estimate,” “in ...

Star Bulk Carriers Corp (NASDAQ:SBLK) Q1 2024 Earnings Conference Call May 23, 2024 11:00 AM ET Company Participants Petros Pappas - Chief Executive Officer Hamish Norton - President Simos Spyrou - Co-Chief Financial Officer Christos Begleris - Co-Chief Financial Officer Nicos Rescos - Chief Operating Officer Charis Plakantonaki - Chief Strategy Officer Conference Call Participants Omar Nokta - Jefferies Ben Nolan - Stifel Operator Thank you for standing by ladies and gentlemen. Welcome to the Star Bulk Ca ...

Exhibit 99.1 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following is a discussion of the financial condition and results of operations of Star Bulk Carriers Corp. ("Star Bulk") for the three-month periods ended March 31, 2023 and 2024. Unless otherwise specified herein, references to the "Company," "we," "us" or "our" shall include Star Bulk and its subsidiaries. You should read the following discussion and analysis together with the unaudited interim condensed ...

Core Viewpoint - Star Bulk Carriers (SBLK) has shown strong performance recently, with a +10.1% return over the past month, outperforming the S&P 500's +5% and the Zacks Transportation - Shipping industry's +17.5% [1] Earnings Estimate Revisions - The current quarter's earnings estimate for Star Bulk Carriers is $0.88 per share, reflecting a +144.4% increase year-over-year, although the Zacks Consensus Estimate has decreased by -3.4% in the last 30 days [3] - For the current fiscal year, the consensus earnings estimate is $3.78, indicating a +105.4% change from the previous year, with a -4.7% revision over the last month [3] - The next fiscal year's consensus estimate is $4.44, showing a +17.4% increase from the prior year, also revised down by -4.7% recently [3] Revenue Growth Potential - The consensus sales estimate for the current quarter is $265.74 million, representing an +18.6% year-over-year change [6] - For the current fiscal year, the sales estimate is $1.27 billion, indicating a +33.5% change, while the next fiscal year's estimate is $1.35 billion, reflecting a +6.8% change [6] Last Reported Results and Surprise History - In the last reported quarter, Star Bulk Carriers generated revenues of $263.46 million, a -10.6% year-over-year decline, with an EPS of $0.73 compared to $0.90 a year ago [7] - The reported revenues exceeded the Zacks Consensus Estimate of $236.4 million by +11.45%, and the EPS surprised by +28.07% [7] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped revenue estimates each time [7] Valuation - The valuation of Star Bulk Carriers is assessed through various multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) to determine if the stock is fairly valued [8] - The Zacks Value Style Score indicates that Star Bulk Carriers is graded B, suggesting it is trading at a discount compared to its peers [10]

Star Bulk Carriers Corp. (SBLK) is scheduled to report first-quarter 2024 results on May 22, after market close.The Zacks Consensus Estimate for SBLK’s first-quarter 2024 earnings has been revised upward by 18.9% in the past 90 days. The company also has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters (missed the mark in the remaining quarter), the average beat being 37.66%.Let’s see how things have shaped up for Star Bulk Car ...