Seanergy Shares Rise 2.83% Ahead of Upcoming Results

Seanergy Maritime Holdings shares closed at $17.82, up 2.83% from the previous session. The gain topped the S&P 500’s 0.73% rise, the Dow’s 0.49% advance and the Nasdaq’s 1.19% increase.

Despite Friday’s move, the stock fell 6.48% over the past month. That lagged the Transportation sector, which lost 3.02%, while the S&P 500 gained 0.55%.

Ahead of the company’s upcoming results, Zacks consensus estimates call for quarterly earnings of $0.77 per share and revenue of $50.69 million. Those figures would be increases of 14.93% and 7.87%, respectively, from the same quarter a year earlier.

For the full year, consensus estimates project earnings of $3.57 per share and revenue of $201.97 million. Zacks said its consensus earnings estimate for the quarter had not changed over the past month.

The stock’s forward price-to-earnings ratio is 4.85, compared with 9.66 for its industry, according to Zacks. The ratio compares a company’s share price with expected earnings.