Star Bulk Carriers Q2 Adj EPS $0.47 Misses $0.50 Estimate, Sales $238.69M Beat $227.59M Estimate
Portfolio Pulse from mahesh@benzinga.com
Star Bulk Carriers (NASDAQ:SBLK) reported Q2 earnings of $0.47 per share, missing the analyst consensus estimate of $0.50 by 6%. This is a 76.5% decrease from the same period last year. The company's quarterly sales of $238.69 million beat the analyst consensus estimate of $227.59 million by 4.88%, but this is a 42.81% decrease from the same period last year.
August 04, 2023 | 2:27 pm
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NEGATIVE IMPACT
Star Bulk Carriers' Q2 earnings missed estimates and decreased significantly from last year, while sales beat estimates but also decreased from last year.
Star Bulk Carriers' Q2 earnings missed the analyst consensus estimate and decreased significantly from the same period last year, which could negatively impact investor sentiment and the stock price. While the company's sales beat estimates, they also decreased from the same period last year, which could further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100