Star Bulk Carriers Corp. (NASDAQ:SBLK) a shipping company, is expected to report third quarter earnings results, after market close, on Monday 16th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.27 per share.
Looking ahead, the full year income are expected at $ 0.31 per share on the revenues of $ 489.24 million.
Previous Quarter Performance
Star Bulk Carriers Corp. came out with loss for the second quarter of $ 0.19 per share, from the revenue of $ 136.13 million. Wall street analysts are predicting, SBLK to report 2Q20 loss of $ 0.30 per share from revenue of $ 101.63 million. The bottom line results beat street analysts by $ 0.11 or 36.67 percent, at the same time, top line results outshined analysts by $ 34.50 million or 33.95 percent.
Stock Performance
On Friday, shares of Star Bulk Carriers Corp. has traded high as $ 7.25 and has cracked $ 6.97 on the downward trend, reaching $ 7.01 with volume of 406.60 thousand shares.
According to the previous trading day, closing price of $ 7.01, representing a 83.68 % increase from the 52 week low of $ 3.86 and a 41.36 % decrease over the 52 week high of $ 12.09.
The company has a market capital of $ 673.43 million and is part of the Industrials sector and Shipping & Ports industry.
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of April 10, 2019, the company had a fleet of 109 vessels with an aggregate capacity of approximately 12.45 million deadweight ton, including 17 Newcastlemax, 19 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax, and 10 Supramax vessels.
