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

Star Bulk Carriers

08/08/2024 02:56

* Star Bulk Carriers Corp  SBLK.OQ  reported quarterly
adjusted
earnings of 78 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 47 cents.  The mean expectation of six analysts
for the quarter was for earnings of 83 cents per share. Wall
Street expected results to range from 72 cents to 90 cents per
share.
    * Revenue rose 98.8% to $352.88 million from a year ago;
analysts
expected $279.54 million. 
    * Star Bulk Carriers Corp's reported EPS for the quarter was
93
cents​.
    * The company reported quarterly net income of $106.08
million.
    * Star Bulk Carriers Corp shares had fallen by 13.5% this
quarter and lost 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 25.2%
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 6 "strong buy" or "buy," 2
"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 $30.00 
This summary was machine generated from LSEG data August 8 at
01:56 a.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
 Jun. 30 2024      0.83           0.78           Missed
 Mar. 31 2024      0.81           0.87           Beat
 Dec. 31 2023      0.73           0.73           Met
 Sep. 30 2023      0.27           0.34           Beat