Star Bulk Carriers (SBLK) got here out with quarterly earnings of $0.18 per share, lacking the Zack
Star Bulk Carriers (SBLK) got here out with quarterly earnings of $0.18 per share, lacking the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.35 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -25%. 1 / 4 in the past, it was anticipated that this transport firm would submit a lack of $0.31 per share when it truly produced a lack of $0.22, delivering a shock of 29.03%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Star Bulk Carriers, which belongs to the Zacks Transportation – Transport business, posted revenues of $248.44 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 15.37%. This compares to year-ago revenues of $188.47 million. The corporate has topped consensus income estimates 4 occasions over the past 4 quarters.
The sustainability of the inventory’s fast worth motion primarily based on the…