Star Bulk Carriers Q4 Adj EPS $0.73, Inline, Sales $263.46M Beat $203.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Star Bulk Carriers (NASDAQ:SBLK) reported Q4 adjusted earnings of $0.73 per share, meeting analyst estimates, and sales of $263.46M, exceeding estimates of $203.01M. This represents an 18.89% decrease in earnings and a 10.63% decrease in sales from the same period last year.
February 12, 2024 | 10:33 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Star Bulk Carriers reported Q4 adjusted EPS of $0.73, in line with estimates, and sales of $263.46M, surpassing the $203.01M estimate. Earnings decreased by 18.89% and sales by 10.63% compared to last year.
While Star Bulk Carriers met earnings estimates and exceeded sales forecasts, the year-over-year decrease in both earnings and sales may temper investor enthusiasm. The meeting of EPS estimates suggests stability, but the decline in financials could lead to cautious optimism among investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100