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

• 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)