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

Star Bulk Carriers

23/05/2024 16:12

* Star Bulk Carriers Corp  SBLK.OQ  reported quarterly
adjusted
earnings of 87 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 36 cents.  The mean expectation of five analysts
for the quarter was for earnings of 81 cents per share. Wall
Street expected results to range from 42 cents to $1.19 per
share.
    * Revenue rose 65.7% to $259.39 million from a year ago;
analysts
expected $206.61 million. 
    * Star Bulk Carriers Corp's reported EPS for the quarter was
89
cents​.
    * The company reported quarterly net income of $74.86
million.
    * Star Bulk Carriers Corp shares had risen by 7.1% this
quarter and gained 20.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"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 $28.00 
This summary was machine generated from LSEG data May 23 at
03:12 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
 Mar. 31 2024      0.81           0.87           Beat
 Dec. 31 2023      0.73           0.73           Met
 Sep. 30 2023      0.27           0.34           Beat
 Jun. 30 2023      0.65           0.47           Missed