Star Bulk Carriers Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.11-21

Star Bulk Carriers (NASDAQ:SBLK) Third Quarter 2024 ResultsKey Financial Results Revenue: US$344.3m (up 54% from 3Q 2023). Net income: US$81.3m (up 86% from 3Q 2023). Profit margin: 24% (up from 20% ...

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Net income: US$81.3m (up 86% from 3Q 2023). Profit margin: 24% (up from 20% ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/transportation/nasdaq-sblk/star-bulk-carriers/news/star-bulk-carriers-third-quarter-2024-earnings-eps-misses-ex\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBLK","symbol_name":"Star Bulk Carriers Corp","start_time":0,"source_url":"https://simplywall.st/stocks/us/transportation/nasdaq-sblk/star-bulk-carriers/news/star-bulk-carriers-third-quarter-2024-earnings-eps-misses-ex","article_id":"2485133574","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/3231000-choice2-main-header/1585186839892"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485133574","pubTimestamp":1732186984,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Star Bulk Carriers ( NASDAQ:SBLK ) Third Quarter 2024 Results Key Financial Results Revenue: US$344.3m (up 54% from 3Q...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SBLK":"Star Bulk Carriers Corp"},"translate_title":"Star Bulk Carriers 2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SBLK":1},"content_text":"Star Bulk Carriers (NASDAQ:SBLK) Third Quarter 2024 ResultsKey Financial Results Revenue: US$344.3m (up 54% from 3Q 2023). Net income: US$81.3m (up 86% from 3Q 2023). Profit margin: 24% (up from 20% in 3Q 2023). EPS: US$0.70 (up from US$0.43 in 3Q 2023).  NasdaqGS:SBLK Earnings and Revenue Growth November 21st 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Star Bulk Carriers EPS Misses Expectations  Revenue was in line with analyst estimates.  Earnings per share (EPS) missed analyst estimates by 11%.      Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.    Performance of the American Shipping industry.  The company's shares are down 5.5% from a week ago.   Risk Analysis Before you take the next step you should know about the 3 warning signs for Star Bulk Carriers that we have uncovered. New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. 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