Star Bulk Carriers Corp reports results for the quarter ended September 30 - Earnings Summary

Star Bulk Carriers

19/11/2024 22:01

* Star Bulk Carriers Corp  SBLK.OQ  reported quarterly
adjusted
earnings of 71 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 34 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 98 cents per
share. Wall Street expected results to range from 70 cents
to $1.95 per share.
    * Revenue rose 108% to $344.28 million from a year ago;
analysts
expected $288.11 million. 
    * Star Bulk Carriers Corp's reported EPS for the quarter was
69
cents​.
    * The company reported quarterly net income of $81.27
million.
    * Star Bulk Carriers Corp shares had fallen by 13.7% this
quarter and lost 3.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 1 "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 $27.00 
This summary was machine generated from LSEG data November 19 at
10:01 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
 Sep. 30 2024      0.98           0.71           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