Star Bulk Carriers Corp reports results for the quarter ended in December - Earnings Summary

Star Bulk Carriers

17/02/2023 24:04

* Star Bulk Carriers Corp  SBLK.OQ  reported quarterly
adjusted
earnings of 90 cents​​ per share for the quarter ended in
December. The mean expectation of seven analysts for the quarter
was for earnings of 88 cents per share.
    * Revenue fell 41% to $294.80 million from a year ago;
analysts
expected $227.04 million. 
    * Star Bulk Carriers Corp's reported EPS for the quarter was
84
cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.3%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Star Bulk Carriers Corp shares had risen by 17.5% this
quarter.
    * The company reported quarterly net income of $85.8
million.
    * Wall Street's median 12-month price target for Star Bulk
Carriers Corp is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
17 at 12:04 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.88           0.90           Beat
 Sep. 30 2022      1.37           1.33           Missed
 Jun. 30 2022      1.75           2.00           Beat
 Mar. 31 2022      1.47           1.72           Beat