In the latest trading session, Seanergy Maritime Holdings Corp (SHIP) closed at $6.34, marking a -1.86% move from the previous day. This move lagged the S&P 500's daily gain of 0.67%. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 0.87%.
The company's stock has dropped by 6.1% in the past month, exceeding the Transportation sector's loss of 19.2% and lagging the S&P 500's loss of 5.28%.
The investment community will be closely monitoring the performance of Seanergy Maritime Holdings Corp in its forthcoming earnings report. In that report, analysts expect Seanergy Maritime Holdings Corp to post earnings of -$0.44 per share. This would mark a year-over-year decline of 177.19%. Meanwhile, our latest consensus estimate is calling for revenue of $23.16 million, down 39.51% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.62 per share and revenue of $147.39 million, which would represent changes of -73.95% and -11.98%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Seanergy Maritime Holdings Corp. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.95% higher. As of now, Seanergy Maritime Holdings Corp holds a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Seanergy Maritime Holdings Corp has a Forward P/E ratio of 10.42 right now. This expresses a premium compared to the average Forward P/E of 9.2 of its industry.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).
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