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

Star Bulk Carriers

04/08/2023 05:58

* Star Bulk Carriers Corp  SBLK.OQ  reported quarterly
adjusted
earnings of 47 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 65 cents per share.
    * Revenue fell 49.4% to $177.54 million from a year ago;
analysts
expected $191.48 million. 
    * Star Bulk Carriers Corp's reported EPS for the quarter was
43
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Star Bulk Carriers Corp shares had fallen by 2.3% this
quarter and lost 10.1% so far this year.
    * The company reported quarterly net income of $44.32
million.
    * Wall Street's median 12-month price target for Star Bulk
Carriers Corp is $29.00 
    * 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 LSEG Refinitiv data
August 4 at 04:57 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.65           0.47           Missed
 Mar. 31 2023      0.28           0.36           Beat
 Dec. 31 2022      0.88           0.90           Beat
 Sep. 30 2022      1.37           1.33           Missed