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

Star Bulk Carriers

16/11/2022 22:37

* Star Bulk Carriers Corp  SBLK.OQ  reported quarterly
adjusted
earnings of $1.33​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of $1.37 per share.
    * Revenue fell 23.4% to $271.83 million from a year ago;
analysts
expected $275.53 million. 
    * Star Bulk Carriers Corp's reported EPS for the quarter was
$1.07​.
    * The mean earnings estimate of analysts had fallen by
about 30.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Star Bulk Carriers Corp shares had risen by 16.2% this
quarter and lost 10.4% so far this year.
    * The company reported quarterly net income of $109.69
million.
    * Wall Street's median 12-month price target for Star Bulk
Carriers Corp is $32.00 
    * 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." 

This summary was machine generated from Refinitiv data November
16 at 10:37 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.37           1.33           Missed
 Jun. 30 2022      1.75           2.00           Beat
 Mar. 31 2022      1.47           1.72           Beat
 Dec. 31 2021      2.52           2.96           Beat