Safe Bulkers (SB) reported break-even quarterly earnings per share versus the Zacks Consensus Estim
Safe Bulkers (SB) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a lack of $0.01. This compares to earnings of $0.03 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 100%. 1 / 4 in the past, it was anticipated that this transport firm would publish a lack of $0.12 per share when it really produced a lack of $0.16, delivering a shock of -33.33%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Protected Bulkers, which belongs to the Zacks Transportation – Transport trade, posted revenues of $46.85 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 2.52%. This compares to year-ago revenues of $47.13 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s instant worth motion based mostly on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Protected Bulkers shares have misplaced about 38.8% for the reason that starting of the yr versus the S&P 500’s acquire of 9.7%.
What’s Subsequent for Protected Bulkers?
Whereas Protected Bulkers has underperformed the market to date this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a powerful monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Protected Bulkers was unfavorable. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the entire record of as we speak’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 yr change within the days forward. The present consensus EPS estimate is $0.07 on $51.52 million in revenues for the approaching quarter and -$0.22 on $159.43 million in revenues for the present fiscal yr.
Buyers must be aware of the truth that the outlook for the trade can have a fabric influence on the efficiency of the inventory as properly. By way of the Zacks Trade Rank, Transportation – Transport is presently within the backside 18% of the 250 plus Zacks industries. Our analysis exhibits 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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