Star Bulk to Report Q3 Earnings: What's in Store for the Stock?

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Star Bulk to Report Q3 Earnings: What's in Store for the Stock?

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Star Bulk Carriers SBLK is scheduled to report third-quarter 2024 results on Nov. 19, after market close. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The Zacks Consensus ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStar Bulk to Report Q3 Earnings: What's in Store for the Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 20:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/star-bulk-report-q3-earnings-123100863.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Star Bulk Carriers SBLK is scheduled to report third-quarter 2024 results on Nov. 19, after market close.\nFind the latest EPS estimates and surprises on Zacks Earnings Calendar.\nThe Zacks Consensus ...</p>\n\n<a href=\"https://finance.yahoo.com/news/star-bulk-report-q3-earnings-123100863.html\">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://finance.yahoo.com/news/star-bulk-report-q3-earnings-123100863.html","article_id":"2482088827","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/LElGwYdyr5Ayaak_5JBF1w--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b5cbbaf3d80bfc38e91dd12d71dafabb"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482088827","pubTimestamp":1731414660,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Star Bulk CarriersSBLK is scheduled to report third-quarter 2024results on Nov. 19, after market close.Find the latest EPS estimates and surprises on ZacksEarnings Calendar.The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 71 cents per share and $342.3 million, respectively.The earnings estimate for the to-be-reported quarter has declined 2.7% in the past 60 days. The bottom-line projection indicates year-over-year growth of 108.8%. The Zacks Consensus Estimate for quarterly revenues indicates a year-over-year increase of 53.5%.SBLK has a decent earnings surprise history. It has surpassed the consensus estimate in three of the trailing four quarters and missed once, delivering an average surprise of 31.7%.Star Bulk Carriers Corp. price-eps-surprise | Star Bulk Carriers Corp. Quote. Our proven model does not predict an earnings beat for Star Bulk this time around. The combination of a positiveEarnings ESPand a Zacks Rank #1 , 2  or 3  incre","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SBLK":"Star Bulk Carriers Corp"},"translate_title":"Star Bulk将报告第三季度收益：该股的前景如何？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SBLK":0.9},"content_text":"Star Bulk Carriers SBLK is scheduled to report third-quarter 2024 results on Nov. 19, after market close.\nFind the latest EPS estimates and surprises on Zacks Earnings Calendar.\nThe Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 71 cents per share and $342.3 million, respectively.\nThe earnings estimate for the to-be-reported quarter has declined 2.7% in the past 60 days. The bottom-line projection indicates year-over-year growth of 108.8%. The Zacks Consensus Estimate for quarterly revenues indicates a year-over-year increase of 53.5%.\nSBLK has a decent earnings surprise history. It has surpassed the consensus estimate in three of the trailing four quarters and missed once, delivering an average surprise of 31.7%.\n\nStar Bulk Carriers Corp. Price and EPS Surprise\n  \nStar Bulk Carriers Corp. price-eps-surprise | Star Bulk Carriers Corp. Quote\n\nAgainst this backdrop, let us check out the factors expected to have influenced Star Bulk’s September-quarter performance.\nWe expect vessel operating expenses to have been high in the to-be-reported quarter. This is likely to have dented SBLK’s bottom-line performance. Costs are most likely to have shot up due to elevated fuel expenses. Supply-chain disruptions are anticipated to have dampened this shipping company’s performance.\nHowever, continued fleet expansion (including cargo fleet) initiatives are likely to have driven the company’s performance. The positive sentiment surrounding the dry bulk market is also expected to have aided the company’s performance in the to-be-reported quarter. The Capesize market is very strong currently. This reflects strong demand for dry bulk commodities from not only China but also the rest of the world and bodes well for dry bulk shipping companies like SBLK.\nEarnings Whisper for SBLK\nOur proven model does not predict an earnings beat for Star Bulk this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.\nEarnings ESP of SBLK: Star Bulk has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.\nSBLK’s Zacks Rank: Star Bulk currently carries a Zacks Rank #5 (Strong Sell).\nA Stock to Consider\nHere is a stock from the broader Zacks Transportation sector that investors might want to consider, as our model shows that this stock has the right combination of elements to beat third-quarter 2024 earnings.\nZIM Integrated Shipping Services ZIM has an Earnings ESP of +29.24% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe company is scheduled to report third-quarter 2024 earnings on Nov. 20.\nZIM has a discouraging earnings surprise history, having surpassed the Zacks Consensus Estimate twice in the preceding four quarters and missing twice. The average miss is 0.3%.\nQ3 Performances of Other Transportation Companies\nDelta Air Lines DAL reported third-quarter 2024 earnings (excluding 47 cents from non-recurring items) of $1.50 per share, which fell short of the Zacks Consensus Estimate of $1.56. Earnings decreased 26.11% on a year-over-year basis due to high labor costs.\nRevenues of $15.68 billion surpassed the Zacks Consensus Estimate of $15.37 billion and increased 1.2% on a year-over-year basis, driven by strong air travel demand. Adjusted operating revenues (excluding third-party refinery sales) totaled $14.59 billion, flat year over year.\nNorfolk Southern Corporation’s NSC third-quarter 2024 earnings (excluding $1.6 from non-recurring items) of $3.25 per share beat the Zacks Consensus Estimate of $3.10 and increased 22.6% year over year due to lower costs.\nRailway operating revenues were $3.05 billion in the quarter under review, lagging the Zacks Consensus Estimate of $3.09 billion. However, the top line increased 2.7% year over year, with the Merchandise and Intermodal segments registering an improvement in revenues.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nDelta Air Lines, Inc. (DAL) : Free Stock Analysis Report\nNorfolk Southern Corporation (NSC) : Free Stock Analysis Report\nStar Bulk Carriers Corp. (SBLK) : Free Stock Analysis Report\nZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}