Star Bulk Carriers (SBLK) stock price declines amidst negative earnings forecast.

From Nasdaq: 2024-12-24 18:00:18

Star Bulk Carriers (SBLK) closed at $15.12, down 0.85% from the previous day, underperforming the S&P 500. Shares have fallen 18.23% in the past month. Earnings forecast a 46.58% decline in EPS and a 13.58% increase in revenue. Analysts expect a $2.73 EPS and $1.26 billion revenue for the year.

Analysts are closely monitoring SBLK’s performance as earnings approach. Estimate revisions reflect short-term business trends and can impact stock prices. SBLK currently holds a Zacks Rank of #5 (Strong Sell). The Transportation – Shipping industry has a Zacks Industry Rank of 230, in the bottom 9%.

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Read more at Nasdaq: Star Bulk Carriers (SBLK) Stock Declines While Market Improves: Some Information for Investors