$0.24 Earnings Per Share Expected for Star Bulk Carriers Corp. (NASDAQ:SBLK) This Quarter

Wall Street brokerages expect Star Bulk Carriers Corp. (NASDAQ:SBLK) to post earnings per share (EPS) of $0.24 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Star Bulk Carriers’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.37. Star Bulk Carriers posted earnings per share of $0.35 in the same quarter last year, which indicates a negative year over year growth rate of 31.4%. The business is expected to report its next earnings results after the market closes on Tuesday, November 19th.

According to Zacks, analysts expect that Star Bulk Carriers will report full-year earnings of $0.47 per share for the current year, with EPS estimates ranging from $0.26 to $0.68. For the next financial year, analysts expect that the company will report earnings of $2.93 per share, with EPS estimates ranging from $2.70 to $3.16. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Star Bulk Carriers.

Star Bulk Carriers (NASDAQ:SBLK) last announced its quarterly earnings data on Wednesday, August 7th. The shipping company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.09. The business had revenue of $157.79 million for the quarter, compared to analyst estimates of $137.11 million. Star Bulk Carriers had a negative net margin of 0.99% and a positive return on equity of 2.12%.

A number of equities analysts ....