Earnings Preview For Star Bulk Carriers
Portfolio Pulse from Benzinga Insights
Star Bulk Carriers (NASDAQ:SBLK) is scheduled to release its quarterly earnings report on February 12, 2024, with analysts expecting an EPS of $0.73. Historical data shows the company has a track record of beating EPS estimates, which has positively impacted its stock price. Shares were trading at $22.94 as of February 8, reflecting a slight increase over the last 52 weeks.
February 09, 2024 | 4:01 pm
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POSITIVE IMPACT
Star Bulk Carriers is expected to report an EPS of $0.73 for the upcoming quarter. Historical performance suggests potential positive impact on stock price following the earnings announcement.
Given Star Bulk Carriers' history of exceeding EPS estimates and the subsequent positive reactions in its stock price, there is a strong likelihood of a similar outcome if the company beats the EPS estimate again. The anticipation of positive guidance could further bolster investor confidence and drive up the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100