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

Star Bulk Carriers

12/02/2024 23:40

* Star Bulk Carriers Corp  SBLK.OQ  reported quarterly
adjusted
earnings of 73 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 90 cents.  The mean expectation of
six analysts for the quarter was for earnings of 73 cents per
share. Wall Street expected results to range from 55 cents
to $1.17 per share.
    * Revenue fell 10.6% to $263.46 million from a year ago;
analysts
expected $203.01 million. 
    * Star Bulk Carriers Corp's reported EPS for the quarter was
45
cents​.
    * The company reported quarterly net income of $39.71
million.
    * Star Bulk Carriers Corp shares had risen by 6.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the marine
freight &
logistics peer group is also "buy"

Wall Street's median 12-month price target for Star Bulk
Carriers Corp is $25.00 
This summary was machine generated from LSEG data February 12 at
11:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.73           0.73           Met
 Sep. 30 2023      0.27           0.34           Beat
 Jun. 30 2023      0.65           0.47           Missed
 Mar. 31 2023      0.28           0.36           Beat