Star Bulk Carriers Corp (NASDAQ: SBLK) has reported E.P.S. of $0.97 for its second fiscal quarter (ending June 30) versus $0.43 for the same period a year ago — an increase of 126%. Relative to the consensus estimate of $0.83, this was a premium of $0.14. For the latest four quarters through June 30, E.P.S. were $2.79 compared to $2.80 a year ago — a decline of -0%.
Recent Price Action
Star Bulk Carriers Corp (NASDAQ: SBLK) stock declined slightly by -0.3% on 8/7/24. The stock closed at $21.02. NORMAL trading volume accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -6.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SBLK is expected to continue to be a major Value Builder.
Star Bulk Carriers has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Star Bulk Carriers has a slightly positive Appreciation Score of 67 and a good Power Rating of 78, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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