Star Bulk Shares Slip 2.5% as Major Indexes Advance
The shipping company fell while major U.S. indexes rose, with analysts expecting higher earnings and revenue in its upcoming report.
Key takeaways
- Star Bulk Carriers closed at $29.70, down 2.53% from the prior session.
- Zacks consensus estimates call for $1.33 in quarterly earnings per share and $395.63 million in revenue.
Star Bulk Carriers closed at $29.70 Friday, down 2.53% from the prior session. The S&P 500 rose 0.6%, the Dow gained 0.83% and the Nasdaq added 0.64%.
For the company’s upcoming earnings report, analysts expect earnings of $1.33 per share and revenue of $395.63 million, according to Zacks consensus estimates. Those forecasts represent year-over-year increases of 375% and 49.94%, respectively.
For the full fiscal year, Zacks estimates earnings of $4.53 per share and revenue of $1.44 billion. Those figures imply increases of 367.01% and 38.29% from the prior year, respectively.
This article was produced with the help of AI technology. Source: Yahoo Finance
