Dernières nouvelles pour Star Bulk Carriers (NASDAQ:SBLK) Stock

Star Bulk Carriers

Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax. It generates revenues through the voyages it carries out.

Star Bulk Carriers Corp

In late 2023, many analysts called for 2024 to be the year of a small-cap stock renaissance. These stocks were battered as the Federal Reserve aggressively raised interest rates. Many of these companies rely on borrowing to fund their growth and struggled as the cost of borrowing increased.&nbsp;
The Russell 2000 index, which tracks many small-cap stocks, is up 20% in 2024. But not all small-cap stocks participated in that rally. However, with the Federal Reserve suggesting that its 50-basis point cut in September was the first in a series of future rate cuts, borrowing conditions should improve for small-cap stocks, particularly those that already show solid fundamentals like the stocks mentioned here. &nbsp;
Analysts are projecting earnings growth of at least 10% in the next 12 months for each of these companies. That growth and other catalysts make these stocks strong candidates to outperform the market in the next 12 months. &nbsp;
<h2>Star Bulk Carriers Will Benefit From China&#39;s Stimulus Measures&nbsp;</h2>
Dry bulk carrier stocks aren&#39;t the most exciting. But Star Bulk Carriers Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sblk#NASDAQ">SBLK</a>) is one to watch heading into 2025. It&#39;s the largest U.S.-listed dry bulk company with a fleet of 160 vessels. The company also has a strong balance sheet and has been paying down debt at a rate of about $250 million per year, a pace it expects to continue to match in the future.
However, a key reason for the company&#39;s short-term growth will likely come from China. The company has noted that dry bulk shipments to China were up about 7.5% in the first seven months of 2024. That was before the company announced new stimulus measures, which will likely increase demand for imports of raw materials like iron ore.&nbsp;&nbsp;
Then, you have to consider the company&#39;s valuation. SBLK stock is trading at just 6.9x forward earnings. The stock is up 7.6% in 2024, but analysts have a consensus price target of $29.33 which gives investors about 28% upside to go along with a dividend that has a 12.2% yield. The one risk is higher oil prices which would hurt earnings. &nbsp;
<h2>Evolv Technologies Is a Play on the Application of AI&nbsp;</h2>
Unfortunately, the nation experienced another school shooting in September. Perhaps anecdotally, the share price of Evolv Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evlv#NASDAQ">EVLV</a>) is up 59% in the 90 days ending October 3, 2024. Evolv provides a next-generation metal detection system that is rooted in artificial intelligence (AI).
A key benefit of the company&#39;s Evolv Express system is that it provides a truly touchless security screening system. This allows an uninterrupted traffic flow into and out of the venues in which it operates. In fact, the company&#39;s technology has screened over one billion people since 2019. &nbsp;
The company&#39;s products are used by one or more teams in every professional sports league. Evolv&#39;s customer base also includes hospitals, churches, and school systems that are looking for a non-invasive way to screen for firearms, explosives, and tactical knives. &nbsp;
However, even with the sharp move higher in the last three months, EVLV stock is still down 17.3% for the year and over 15% in the last 12 months. One concern is earnings. The company just posted its first profitable quarter. Another concern is competition. However, the company&#39;s annual recurring revenue (ARR) continues to rise, suggesting this concern may be overstated. &nbsp;
<h2>Central Garden &amp; Pet Company May Be an Undiscovered Gem&nbsp;</h2>
Last on this list of small-cap stocks poised for growth in 2025 is Central Garden &amp; Pet Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/centa#NASDAQ">CENTA</a>). As its name suggests, the company&#39;s business is divided into two verticals. Its garden sector offers a range of lawn and garden supplies, while its Pet sector provides supplies for dogs, cats, and other pets.
Like many consumer discretionary stocks, CENTA stock lags the broader market. However, it&#39;s still up about 3.8% in 2024. This comes as the company is showing a slight decline in the top line, which is offset by earnings that are growing year-over-year.&nbsp;
However, the company points to its customer base which continues to spend on their pets. The company has also taken steps in its garden division to navigate through external challenges that are a constant in the business. &nbsp;
The CENTA analyst forecasts on MarketBeat show bullish sentiment for the stock. The $42 consensus price target gives the stock an upside of 43%. &nbsp;
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/3-small-cap-stocks-on-the-way-to-bigger-and-better-days/">3 Small-Cap Stocks on the Way to Bigger and Better Days</a>&quot; first appeared on MarketBeat.

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3 Small-Cap Stocks on the Way to Bigger and Better Days

Star Bulk Carriers's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NYSE">SBLK</a>) short percent of float has fallen 21.76% since its last report. The company recently reported that it has 1.71 million shares sold short, which is 1.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Star Bulk Carriers Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728576015_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Star Bulk Carriers has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Star Bulk Carriers's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Star Bulk Carriers's peer group average for short interest as a percentage of float is 3.05%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Star Bulk Carriers's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NYSE">SBLK</a>) short percent of float has risen 8.65% since its last report. The company recently reported that it has 2.55 million shares sold short, which is 2.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Star Bulk Carriers Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726155010_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Star Bulk Carriers has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Star Bulk Carriers's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Star Bulk Carriers's peer group average for short interest as a percentage of float is 3.11%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Buybacks

Asset Sales

Star Bulk Announces $20M Vessel Sale Of Capesize m/v Star Triumph; ~$16.3M Share Repurchase Program Of 791,015 Shares At $20.58/Share

Deutsche Bank analyst Chris Robertson initiates coverage on Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) with a Buy rating and announces Price Target of $26.

Initiation

Deutsche Bank Initiates Coverage On Star Bulk Carriers with Buy Rating, Announces Price Target of $26

Star Bulk Carriers's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NYSE">SBLK</a>) short percent of float has fallen 22.39% since its last report. The company recently reported that it has 2.35 million shares sold short, which is 2.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.14 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Star Bulk Carriers Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724445020_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Star Bulk Carriers has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Star Bulk Carriers's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Star Bulk Carriers's peer group average for short interest as a percentage of float is 3.10%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(SBLK) - Analyzing Star Bulk Carriers's Short Interest

Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) reported quarterly earnings of $0.78 per share which missed the analyst consensus estimate of $0.83 by 6.02 percent. The company reported quarterly sales of $352.875 million which beat the analyst consensus estimate of $282.302 million by 25.00 percent. This is a 47.84 percent increase over sales of $238.686 million the same period last year.

Earnings Beats

Earnings Misses

Star Bulk Carriers Q2 2024 Adj. EPS $0.78 Misses $0.83 Estimate, Sales $352.875M Beat $282.302M Estimate

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Star Bulk Carriers Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>)</h3>
<ul>
<li>Star Bulk Carriers will release its results for the second quarter, after the closing bell on Wednesday, Aug. 7.  The company's stock fell around 12% over the past month and has a <a href="https://www.benzinga.com/quote/SBLK">52-week low of $16.86</a>.</li>
<li>RSI Value: 27.28</li>
<li>SBLK Price Action: Shares of Star Bulk Carriers fell 3.6% to close at $21.74 on Thursday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080224&amp;t=be2bearmibe3na1"> latest SBLK news</a>.</li>
</ul>
    
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="911" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02044302/image-3.png" alt="" class="wp-image-472490" style="width:558px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02044302/image-3.png 911w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02044302/image-3-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02044302/image-3-768x701.png 768w" sizes="(max-width: 911px) 100vw, 911px" /></a></figure>
Symbotic Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) 
<ul>
<li>Symbotic reported worse-than-expected third-quarter earnings results and issued fourth-quarter revenue guidance below estimates on Monday. &#8220;Our teams continue to focus on execution of the 39 systems we have in deployment, which is reflected in our record revenue for the quarter. Our system gross margin fell below expectations due to elongated construction schedules and implementation costs,&#8221; said Rick Cohen, chairman and CEO of Symbotic. &#8220;We are focused on improving our planning, speed of implementation and project management to improve performance.&#8221; The company's stock fell around 37% over the past five days. It <a href="https://www.benzinga.com/quote/SYM">has a 52-week low </a> of $24.21.</li>
<li>RSI Value: 26.59</li>
<li>SYM Price Action: Shares of Symbotic fell 8.2% to close at $24.61 on Thursday.</li>
<li>Benzinga Pro&#8217;s charting tool helped i<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080224&amp;t=be2bearmibe3na1">dentify the trend in SYM stock</a>.</li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080224&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/82a0ba37-4350-4205-868f-54f05f096936" alt="" style="width:543px;height:auto" /></a></figure>
<h3 class="wp-block-heading">LYFT Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)</h3>
<ul>
<li>On July 23, Lyft said President Kristin Sverchek will depart as employee effective Aug. 20. The company's shares fell around 15% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/LYFT">low of $8.85</a>.</li>
<li>RSI Value: 25.99</li>
<li>LYFT Price Action: Shares of Lyft fell 5.2% to close at $11.42 on Thursday. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080224&amp;t=be2bearmibe3na1">breakout in LYFT shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="885" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02044634/image-5.png" alt="" class="wp-image-472492" style="width:510px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02044634/image-5.png 885w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02044634/image-5-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02044634/image-5-768x718.png 768w" sizes="(max-width: 885px) 100vw, 885px" /></a></figure>

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Star Bulk Carriers&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sblk#NASDAQ">SBLK</a>) is scheduled to report&nbsp;second-quarter 2024&nbsp;results on Aug 7, after market close.
The Zacks Consensus Estimate for the to-be-reported quarter&#39;s earnings and revenues is pegged at 79 cents per share and $329.4 million, respectively.
The earnings estimate for the to-be-reported quarter has declined 1.3% in the past 60 days. The bottom-line projection indicates year-over-year growth of 68.1%. The Zacks Consensus Estimate for quarterly revenues indicates a year-over-year increase of 38%.
SBLK has a decent earnings surprise history, having surpassed the consensus estimate in two of the last four quarters, missing once and reporting in-line earnings in the remaining quarter. The average beat is 30.5%.
<div class="chart_embed">
<h3>Star Bulk Carriers Corp. Price and EPS Surprise</h3>
<img alt="Star Bulk Carriers Corp. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/4f/1722343856.png" style="height:266px; width:546px" title="" />
Star Bulk Carriers Corp. price-eps-surprise | Star Bulk Carriers Corp. Quote
Against this backdrop, let&#39;s check out the factors expected to have influenced Star Bulk&#39;s June-quarter performance.
</div>
We expect vessel operating expenses to have been high in the to-be-reported quarter. This is likely to have dented SBLK&#39;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&#39;s results.
However, continued fleet expansion (including cargo fleet) initiatives are likely to have driven the company&#39;s performance. The positive sentiment surrounding the dry bulk market is also expected to have aided the company&#39;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.
<h3>Earnings Whisper</h3>
Our proven model does not predict an earnings beat for Star Bulk this time around. The combination of a positive&nbsp;Earnings ESP&nbsp;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.
Earnings ESP: Star Bulk has an Earnings ESP of 0.00%.
Zacks Rank: Star Bulk currently carries a Zacks Rank #3.
<h3>Stocks to Consider</h3>
Here are a few stocks from the broader Zacks&nbsp;Transportation&nbsp;sector that investors might want to consider, as our model shows that these have the right combination of elements to beat second-quarter 2024 earnings.
Copa Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpa#NYSE">CPA</a>) has an Earnings ESP of +1.55% and a Zacks Rank #3 at present. The company is scheduled to report second-quarter 2024 earnings on Aug 7.
CPA surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 20.19%.
C.H. Robinson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) currently has an Earnings ESP of +5.29% and a Zacks Rank #2.&nbsp;The company is scheduled to report second-quarter 2024 earnings on Jul 31.
CHRW surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missed once. The average beat is 2.07%.
<a href="https://www.zacks.com/stock/news/2312096/star-bulk-sblk-to-post-q2-earnings-what-s-in-the-offing?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2312096">To read this article on Zacks.com click here.</a>

CHRW

Star Bulk to Post Q2 Earnings: What's in the Offing?

WIIM

CTRM

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Shares of shipping and tanker stocks are trading lower amid reported hopes of an Israel-Hamas ceasefire, which could ease Red Sea uncertainty and pressure freight rates.

Stifel analyst Benjamin Nolan maintains Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) with a Buy and raises the price target from $28 to $30.

Stifel Maintains Buy on Star Bulk Carriers, Raises Price Target to $30

Stifel analyst Benjamin Nolan maintains Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) with a Buy and raises the price target from $28 to $32.

Stifel Maintains Buy on Star Bulk Carriers, Raises Price Target to $32

Jefferies analyst Omar Nokta maintains Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) with a Buy and maintains $30 price target.

Jefferies Maintains Buy on Star Bulk Carriers, Maintains $30 Price Target

Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) reported quarterly earnings of $0.87 per share which beat the analyst consensus estimate of $0.81 by 7.41 percent. This is a 141.67 percent increase over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $259.390 million which beat the analyst consensus estimate of $206.614 million by 25.54 percent. This is a 15.78 percent increase over sales of $224.035 million the same period last year.

Star Bulk Carriers Q1 2024 Adj EPS $0.87 Beats $0.81 Estimate, Sales $259.390M Beat $206.614M Estimate

Star Bulk Carriers Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sblk#NASDAQ">SBLK</a>) is scheduled to report first-quarter 2024 results on May 22, after market close.
The Zacks Consensus Estimate for SBLK&#39;s first-quarter 2024 earnings has been revised upward by 18.9% in the past 90 days. The company also has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters (missed the mark in the remaining quarter), the average beat being 37.66%.
<div class="chart_embed">
<h3>Star Bulk Carriers Corp. Price and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/SBLK/price-eps-surprise?icid=chart-SBLK-price-eps-surprise"><img alt="Star Bulk Carriers Corp. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/8e/1715794901.png" style="height:263px; width:538px" title="" /> </a>
Star Bulk Carriers Corp. price-eps-surprise | Star Bulk Carriers Corp. Quote
</div>
Let&#39;s see how things have shaped up for Star Bulk Carriersthis earnings season.
<h3>Q1 Expectations</h3>
The Zacks Consensus Estimate for Star Bulk Carriers&#39; first-quarter 2024 revenues is pegged at $265.74 million, indicating 18.61% growth year over year. The top line is likely to have benefited from strength across voyage revenues and time charter equivalent revenues.
On the flip side, higher bunker expenses as a result of increased fuel prices and higher vessel operating expenses due to higher crew expenses might bother Star Bulk Carriers&#39;bottom line.
<h3>What Our Model Says</h3>
Our proven model does not conclusively predict an earnings beat for Star Bulk Carriers this time around. The combination of a positive&nbsp;Earnings ESP&nbsp;and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here.
Star Bulk Carriers has an Earnings ESP of -1.14% and a Zacks Rank of 3.
<h3>Q1 Performances of Some Transportation Companies</h3>
Delta Air Lines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) reported first-quarter 2024 earnings (excluding 39 cents from non-recurring items) of 45 cents per share, which comfortably beat the Zacks Consensus Estimate of 36 cents. Earnings increased 80% on a year-over-year basis.
Revenues of $13.75 billion surpassed the Zacks Consensus Estimate of $12.84 billion and increased 7.75% on a year-over-year basis, driven by strong air-travel demand. Adjusted operating revenues (excluding third-party refinery sales) came in at $12.56 billion, up 6% year over year. Delta Air expects adjusted earnings of $2.20-$2.50 per share for second-quarter 2024.
CSX Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csx#NASDAQ">CSX</a>) first-quarter 2024 earnings per share of 46 cents beat the Zacks Consensus Estimate by a penny. However, the bottom line declined 4% year over year.
Total revenues of $3.68 billion surpassed the Zacks Consensus Estimate of $3.65 billion. Yet, the top line decreased 1% year over year due to lower fuel surcharge, a decline in other revenues, low trucking revenues and reduced export coal prices.
United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) reported first-quarter 2024 loss per share (excluding 23 cents from non-recurring items) of 15 cents, which was narrower than the Zacks Consensus Estimate of a loss of 53 cents. In the year-ago reported quarter, UAL reported a loss of 63 cents per share.
Operating revenues of $12,539 million beat the Zacks Consensus Estimate of $12,428.4 million. The top line increased 9.7% year over year due to upbeat air-travel demand. This was driven by a 10.1% rise in passenger revenues (accounting for 90.2% of the top line) to $11,313 million. Almost 39,325 passengers traveled on UAL flights in the first quarter, up 6.8% year over year.
<a href="https://www.zacks.com/stock/news/2274429/what-lies-ahead-of-star-bulk-carriers-sblk-in-q1-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2274429">To read this article on Zacks.com click here.</a>

What Lies Ahead of Star Bulk Carriers' in Q1 Earnings?

<a href="https://13f.info/13f/000090514824001390-scion-asset-management-llc-q1-2024 " title="https://13f.info/13f/000090514824001390-scion-asset-management-llc-q1-2024 ">https://13f.info/13f/000090514824001390-scion-asset-management-llc-q1-2024&nbsp;</a>

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REAL

VTLE

Michael Burry's Scion Asset Management 13F Reports 360K Shares Of JD, 125K Shares Of BABA, 25K Shares Of HCA, 125K Shares Of C, 440,729 Shares Of PHYS, 90K Shares Of SQ, 20K Shares Of CI, 85K Shares Of AAP, 175K Shares Of BP, 125K Shares Of VTLE, 250K Shares Of SBLK, 1,412,692 Shares Of REAL, 30K Shares Of FSLR, 40K Shares Of BIDU, 400K Shares Of SB

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Genco Shipping &amp; Trading Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNK#NYSE">GNK</a>)</h3>
<ul>
<li>Dividend Yield: 4.95%</li>
<li>Jefferies analyst Omar Nokta maintained a Buy rating and increased the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 80%.</li>
<li>Stifel analyst Benjamin Nolan maintained a Buy rating and raised the price target from $22 to $23 on April 19. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On May 8, Genco Shipping &amp; Trading posted downbeat quarterly earnings.</li>
</ul>
<h3 class="wp-block-heading">Star Bulk Carriers Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>)</h3>
<ul>
<li>Dividend Yield: 5.53%</li>
<li>Stifel analyst Benjamin Nolanmaintained a Buy rating and raised the price target from $76 to $83 on Feb. 14. This analyst has an accuracy rate of 75%.</li>
<li>Jefferies analyst Omar Noktamaintained a Buy rating and boosted the price target from $22 to $24 on Nov. 30, 2023. This analyst has an accuracy rate of 80%.</li>
<li>Recent News: On April 9, Star Bulk completed merger with Eagle Bulk.</li>
</ul>
<h3 class="wp-block-heading">Trinity Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRN#NYSE">TRN</a>)</h3>
<ul>
<li>Dividend Yield: 3.59%</li>
<li>TD Cowen analyst Matt Elkott maintained a Buy rating and raised the price target from $30 to $33 on May 2. This analyst has an accuracy rate of 74%.</li>
<li>Wells Fargo analyst Allison Poliniak maintained an Overweight rating and raised the price target from $27 to $31 on Aug. 2, 2023. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: On May 1, Trinity Industries reported better-than-expected first-quarter financial results.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/24/05/38759538/how-to-earn-500-a-month-from-home-depot-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Home Depot Stock Ahead Of Q1 Earnings</a>

These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Under the terms of the merger agreement, each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned. Eagle common stock has ceased trading and will no longer be listed on the New York Stock Exchange.

Star Bulk Completes Merger With Eagle Bulk

Under the terms of the Merger Agreement, at the effective time, each share of the Common Stock issued and outstanding immediately prior to the effective time (excluding Common Stock owned by Eagle, Star Bulk, Merger Sub or any of their respective direct or indirect wholly owned subsidiaries) will be cancelled in exchange for the right to receive 2.6211 shares of common stock of Star Bulk, par value $0.01 per share, and any cash payable in respect of fractional shares.

EGLE

Eagle Shareholders Approve Merger With Star Bulk

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Star Bulk Carriers (SBLK) has received a new Buy rating, initiated by Deutsche Bank analyst, Christopher Robertson, MBA. Christopher Robertson, MBA...

Buy Rating Upheld for Star Bulk Carriers on Strong Financials and Strategic Mergers

Star Bulk Carriers: Financial Strength And A High Yield Outweigh Macro Concerns

Star Bulk Carriers sells oldest vessel of its fleet

Diana Shipping: Buy On 13.6% Dividend Yield And Discounted Valuation (Rating Upgrade)

Shipping companies might not dominate the headlines, but some are quietly delivering impressive returns for investors. The dry bulk sector, in part...

Deutsche Bank Says Buy These 2 High-Yield Dividend Stocks — Including One With 13.5% Yield

Dry Bulk Market Update: Star Bulk Carriers Interview (Podcast Transcript)

Disruptions And Delays Usually Bullish For Shipping Rates - J Mintzmyer

Star Bulk Carrier: The Market Is Not Pricing The Benefits Of The Eagle Merger

Star Bulk Carriers: The Market Is Not Pricing The Benefits Of The Eagle Merger

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Press Releases

Star Bulk Announces Date for the Release of First Quarter Ended March 31, 2024 Results, Conference Call and Webcast

Star Bulk Carriers Corp. Reports Net Profit of $74.9 Million for the First Quarter of 2024, and Declares Quarterly Dividend of $0.75 Per Share

Star Bulk Announces Date for the Release of Second Quarter Ended June 30, 2024 Results, Conference Call and Webcast

Star Bulk Announces Conversion of All Eagle Bulk Convertible Notes

Star Bulk Carriers Corp. Reports Net Profit of $106.1 Million for the Second Quarter of 2024, and Declares Quarterly Dividend of $0.70 Per Share

Management

Star Bulk Announces Changes To Its Board Of Directors

London Shipping Summit-Industry Leaders Presenting At 16th Annual Capital Link Shipping & Marine Services Forum

Financing

Star Bulk Announces Vessel Sale and Repurchase of Common Shares

Leading Shipping Companies Presenting at Capital Link's 16th Annual New York Maritime Forum October 15, 2024 in New York City

REMINDER - Leading Shipping Companies Presenting at Capital Link's 16th Annual New York Maritime Forum October 15, 2024, in New York City

CLCO

DMCOF

ESEA

FLNG

GLNG

NVGS

Capital Clean Energy Carriers Corp. - Common Share

Capital Clean Energy

Costamare Inc. Common Stock $0.0001 par value

Costamare

Castor Maritime

Danaos

Diana Shipping

EuroDry

Euroseas

Globus Maritime

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands)

Genco Shipping & Trading

Golden Ocean Group Limited - Common Stock

Golden Ocean Group

Global Ship Lease Inc New Class A Common Shares

Global Ship Lease

Himalaya Shipping

Caravelle International Group - Ordinary Shares

Caravelle Intl Gr

Kirby

Lakeside Holding

Matson

Navios Maritime Partners LP Common Units Representing Limited Partner Interests

Navios Maritime Partners

Pangaea Logistics Solutions Ltd. - Common Stock

Pangaea Logistics Solns

Performance Shipping Inc. - Common Shares

Performance Shipping

Pyxis Tankers

Safe Bulkers, Inc Common Stock ($0.001 par value)

Safe Bulkers

Seanergy Maritime Holdings Corp. - Common Stock

Seanergy Maritime Hldgs

Toro

United Maritime Corporation - Common Stock

United Maritime

ZIM Integrated Shipping Services Ltd. Ordinary Shares

ZIM Integrated Shipping

Deutsche Bank

Stifel

Jefferies

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