Key Takeaways:
- Star Bulk Carriers surpassed earnings and revenue expectations despite a year-over-year revenue decline.
- Analysts predict a potential 26.23% upside for SBLK based on current price targets.
- GuruFocus estimates a GF Value suggesting a moderate upside for investors.
Star Bulk Carriers (NASDAQ: SBLK) continues to capture the attention of investors with its latest financial results. The company reported a first-quarter Non-GAAP EPS of -$0.07, exceeding predictions by $0.21. Despite encountering an 11.1% year-over-year revenue decline, Star Bulk generated a revenue of $230.65 million, surpassing forecasts by $66.31 million. Furthermore, the company recorded a net income of $0.5 million and an EBITDA of $58 million.
Wall Street Analysts' Insights
Wall Street analysts have provided one-year price targets for Star Bulk Carriers Corp (SBLK, Financial), resulting in an average target price of $20.71. This projection includes a high estimate of $27.00 and a low estimate of $15.50. The average target price suggests a potential upside of 26.23% from the current trading price of $16.41. Investors can find more comprehensive estimate data on the Star Bulk Carriers Corp (SBLK) Forecast page.
The consensus recommendation across 8 brokerage firms for Star Bulk Carriers Corp (SBLK, Financial) positions it as an "Outperform" with an average brokerage recommendation of 2.0. In this rating scale, a score of 1 indicates a Strong Buy, whereas 5 signifies a Sell.
GF Value Insights
According to GuruFocus estimates, the one-year GF Value for Star Bulk Carriers Corp (SBLK, Financial) is pegged at $17.66, indicating a 7.62% upside from the current price of $16.41. The GF Value is a proprietary metric that reflects the fair value at which the stock should trade, based on historical stock multiples, past business growth, and projected future performance. For additional information, interested readers can visit the Star Bulk Carriers Corp (SBLK) Summary page.
