Star Bulk Carriers Corp. (NASDAQ:SBLK) Q3 2024 Earnings Conference Call November 20, 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 Nicolaus Christopher Robertson - Deutsche Bank Bendik Folden Nyttingnes - Clark ...

November 2024 FINANCIAL RESULTS Q3 2024 Forward-Looking Statements This presentation contains certain forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include statements concerning the Company's plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, identified by words such a ...

分组1 - Star Bulk Carriers reported quarterly earnings of $0.71 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.34 per share a year ago [1] - The company posted revenues of $344.28 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 0.57%, and up from $223.09 million year-over-year [2] - Star Bulk Carriers has surpassed consensus revenue estimates three times over the last four quarters [2] 分组2 - The stock has underperformed, losing about 3.9% since the beginning of the year, while the S&P 500 has gained 23.6% [3] - The current consensus EPS estimate for the coming quarter is $0.74 on revenues of $347.76 million, and for the current fiscal year, it is $3.04 on revenues of $1.3 billion [7] - The Zacks Industry Rank for Transportation - Shipping is in the bottom 19% of over 250 Zacks industries, indicating potential challenges for stock performance [8] 分组3 - The estimate revisions trend for Star Bulk Carriers is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, suggesting expected underperformance in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Star Bulk Carriers (SBLK) .Star Bulk Carriers currently has an average bro ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Star Bulk Carriers (SBLK) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, ...

Star Bulk Carriers (SBLK) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this shipping company have returned -16.3% over the past month versus the Zacks S&P 500 composite's +1% change. The Zacks Transportation - Shipping industry, to which Star Bulk Carriers belongs, has lost 8% over this period. Now the key question is: Where could the stock be headed i ...

Company Performance - Star Bulk Carriers (SBLK) closed at $19.03, reflecting a -1.65% change from the previous day, underperforming the S&P 500's gain of 0.27% [1] - The company has experienced a significant decline of 17.8% in share price over the past month, while the Transportation sector lost 1.57% and the S&P 500 gained 2% during the same period [1] Upcoming Earnings - Star Bulk Carriers is expected to report earnings of $0.71 per share, indicating a year-over-year growth of 108.82% [2] - The Zacks Consensus Estimate for revenue is projected at $342.34 million, which represents a 53.45% increase from the previous year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $3.04 per share and revenue of $1.3 billion, reflecting increases of +65.22% and +37.2% respectively compared to the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Star Bulk Carriers suggest a positive outlook, as these revisions often indicate analysts' confidence in the company's performance [4] - The Zacks Rank system, which incorporates these estimate changes, currently rates Star Bulk Carriers at 5 (Strong Sell), indicating a negative sentiment [6] Valuation Metrics - Star Bulk Carriers is currently trading at a Forward P/E ratio of 6.38, which is lower than the industry average Forward P/E of 7.66, suggesting a valuation discount [7] - The Transportation - Shipping industry holds a Zacks Industry Rank of 175, placing it in the bottom 31% of over 250 industries [7]

Company Overview - Star Bulk Carriers (SBLK) closed at $19.91, reflecting a -1.04% change from the previous day's closing price, underperforming the S&P 500 which had a daily loss of 0.05% [1] - The stock has decreased by 7.11% over the past month, while the Transportation sector gained 0.67% and the S&P 500 increased by 2.76% during the same period [1] Earnings Forecast - The upcoming earnings release is anticipated to show an EPS of $0.73, representing a significant increase of 114.71% compared to the same quarter last year [1] - Revenue is projected to reach $344.28 million, marking a 54.32% increase from the year-ago period [1] Annual Estimates - For the annual period, earnings are expected to be $3.53 per share, indicating a growth of 91.85% year-over-year, with revenue estimated at $1.35 billion, reflecting a 41.9% increase from the previous year [2] Analyst Estimates and Stock Performance - Recent modifications to analyst estimates are crucial as they reflect near-term business trends, with positive revisions indicating a favorable business outlook [2] - The Zacks Rank system, which includes estimate changes, currently ranks Star Bulk Carriers as 3 (Hold), with an unchanged EPS estimate over the last 30 days [3] Valuation Metrics - Star Bulk Carriers has a Forward P/E ratio of 5.7, which is lower than the industry average Forward P/E of 7.64, suggesting a valuation discount [3] Industry Context - The Transportation - Shipping industry, to which Star Bulk Carriers belongs, ranks in the top 40% of all industries according to the Zacks Industry Rank, which is based on the average Zacks Rank of individual stocks [3]

Star Bulk Carriers (SBLK) closed the most recent trading day at $20.64, moving -1.95% from the previous trading session. This change lagged the S&P 500's daily gain of 0.77%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.87%.Prior to today's trading, shares of the shipping company had gained 1.2% over the past month. This has lagged the Transportation sector's gain of 4.64% and the S&P 500's gain of 4.87% in that time.Market participants will be closely following the financial ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Star Bulk Carriers (SBLK) .Star Bulk Carriers currently has an average brokerage recommendation ...