Star Bulk Carriers (SBLK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, th ...

Star Bulk Carriers (SBLK) closed the most recent trading day at $25.70, moving +0.12% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.21%, and the technology-dominated Nasdaq saw an increase of 0.29%.The shipping company's stock has climbed by 11.17% in the past month, exceeding the Transportation sector's gain of 0.29% and the S&P 500's gain of 1.29%.The investment community will be closely monitoring the perf ...

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the utility of a "Recent Price Strength" screen to identify stocks with strong fundamentals and upward momentum. Group 1: Stock Performance - Star Bulk Carriers (SBLK) has shown a solid price increase of 17.8% over the past 12 weeks, indicating investor confidence in its potential upside [2] - In the last four weeks, SBLK's price has increased by 11.2%, suggesting that the upward trend is still intact [2] - SBLK is currently trading at 95.8% of its 52-week High-Low Range, indicating a potential breakout [2] Group 2: Fundamental Strength - SBLK holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [3] - The Zacks Rank system has a strong historical performance, with Rank 1 stocks generating an average annual return of +25% since 1988 [3] - The Average Broker Recommendation for SBLK is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3] Group 3: Investment Strategy - The article suggests that SBLK is a strong candidate for trend investors and encourages exploring other stocks that meet the "Recent Price Strength" criteria [4] - It mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify winning stock picks [4] - The Zacks Research Wizard tool allows backtesting of stock-picking strategies to ensure past profitability [4]

The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Star Bulk Carriers (SBLK) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.Star Bulk Carriers is a member of our Transportation group, which ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

Star Bulk Carriers (SBLK) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this shipping company have returned -3.9%, compared to the Zacks S&P 500 composite's -4.2% change. During this period, the Zacks Transportation - Shipping industry, which Star Bulk Carriers falls in, has lost 8%. The key question now is: What could be the stock's future direction?Al ...

Core Viewpoint - The average brokerage recommendation (ABR) for Star Bulk Carriers (SBLK) is 1.00, indicating a Strong Buy based on recommendations from five brokerage firms, all of which are Strong Buy [1][6] Group 1: Brokerage Recommendations - The ABR suggests a strong buy for Star Bulk Carriers, but relying solely on this information may not be advisable as studies indicate brokerage recommendations often lack success in guiding investors towards stocks with high price appreciation potential [2] - Brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, with a ratio of five Strong Buy recommendations for every Strong Sell [2][4] - The ABR is calculated based on brokerage recommendations, typically displayed in decimals, while Zacks Rank is a quantitative model based on earnings estimate revisions, displayed in whole numbers [4][5] Group 2: Zacks Rank - Zacks Rank categorizes stocks into five groups, from Strong Buy to Strong Sell, and is an effective indicator of near-term stock price performance, making it a useful tool for validating investment decisions alongside ABR [3][6] - The Zacks Consensus Estimate for Star Bulk Carriers has increased by 0.3% over the past month to $4.32, reflecting analysts' growing optimism about the company's earnings prospects [6] - The Zacks Rank for Star Bulk Carriers is 1 (Strong Buy), driven by the recent increase in earnings estimates and strong agreement among analysts [6]

The most recent trading session ended with Star Bulk Carriers (SBLK) standing at $23.03, reflecting a -1.96% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.88%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq lost 2.05%.Shares of the shipping company have depreciated by 4.04% over the course of the past month, outperforming the Transportation sector's loss of 5.27% and lagging the S&P 500's loss of 2.57%.Investors will be eagerl ...

The most recent trading session ended with Star Bulk Carriers (SBLK) standing at $23.14, reflecting a +0.22% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 1.2%. Elsewhere, the Dow lost 0.65%, while the tech-heavy Nasdaq lost 1.79%.Coming into today, shares of the shipping company had lost 2.33% in the past month. In that same time, the Transportation sector gained 4.62%, while the S&P 500 lost 0.85%.The investment community will be closely monitoring the perf ...

Core Viewpoint - Star Bulk Carriers (SBLK) has recently experienced a decline in stock performance, with a return of -1% over the past month, contrasting with the S&P 500's +1.7% and the Zacks Transportation - Shipping industry's +2.4% [1] Earnings Estimates Revisions - Star Bulk Carriers is projected to report earnings of $0.87 per share for the current quarter, reflecting a year-over-year increase of +141.7%, with a 30-day change of +46.4% [3] - The consensus earnings estimate for the current fiscal year stands at $4.31, indicating a year-over-year change of +134.2%, with a 30-day change of +63.3% [3] - For the next fiscal year, the consensus estimate is $4.66, representing an increase of +8% from the previous year, with a 30-day change of +15.4% [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $264.59 million, indicating a year-over-year change of +18.1% [5] - For the current fiscal year, the revenue estimates are $1.26 billion and $1.35 billion, reflecting changes of +33.2% and +7.1%, respectively [5] Last Reported Results and Surprise History - In the last reported quarter, Star Bulk Carriers generated revenues of $263.46 million, a year-over-year decrease of -10.6%, with an EPS of $0.73 compared to $0.90 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $236.4 million by +11.45%, and the EPS surprise was +28.07% [6] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped revenue estimates each time [7] Valuation - Star Bulk Carriers is rated B in the Zacks Value Style Score, indicating it is trading at a discount to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued, overvalued, or undervalued [8] Bottom Line - The Zacks Rank 1 for Star Bulk Carriers suggests potential outperformance compared to the broader market in the near term [10]