Star Bulk Carriers Q2 2024 Adj. EPS $0.78 Misses $0.83 Estimate, Sales $352.875M Beat $282.302M Estimate
Portfolio Pulse from Benzinga Newsdesk
Star Bulk Carriers (NASDAQ:SBLK) reported Q2 2024 earnings per share of $0.78, missing the analyst estimate of $0.83 by 6.02%. However, the company reported sales of $352.875 million, beating the estimate of $282.302 million by 25% and marking a 47.84% increase from the same period last year.
August 07, 2024 | 9:37 pm
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Star Bulk Carriers reported Q2 2024 EPS of $0.78, missing estimates by 6.02%, but sales of $352.875M beat estimates by 25% and increased 47.84% YoY.
While the EPS miss might initially concern investors, the significant beat in sales and substantial year-over-year growth are likely to have a positive impact on the stock price in the short term.
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