Safe Bulkers (SB) got here out with quarterly earnings of $0.14 per share, in keeping with the Zacks Consensus Estimate. This compares to lack of $0.13 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
1 / 4 in the past, it was anticipated that this transport firm would put up earnings of $0.03 per share when it really produced earnings of $0.04, delivering a shock of 33.33%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Protected Bulkers, which belongs to the Zacks Transportation – Transport business, posted revenues of $58.14 million for the quarter ended March 2021, lacking the Zacks Consensus Estimate by 0.13%. This compares to year-ago revenues of $32.51 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s quick value motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Protected Bulkers shares have added about 223.9% because the starting of the 12 months versus the S&P 500’s acquire of 10.9%.
What’s Subsequent for Protected Bulkers?
Whereas Protected Bulkers has outperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a formidable observe file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Protected Bulkers was combined. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You’ll be able to see the whole checklist of immediately’s Zacks #1 Rank (Robust Purchase) shares right here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.22 on $57.53 million in revenues for the approaching quarter and $0.73 on $236.91 million in revenues for the present fiscal 12 months.
Traders needs to be aware of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as properly. By way of the Zacks Trade Rank, Transportation – Transport is at present within the prime 43% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Protected Bulkers, Inc (SB): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.