Stock Analysis

Star Bulk Carriers First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

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Star Bulk Carriers (NASDAQ:SBLK) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$259.4m (up 16% from 1Q 2023).
  • Net income: US$74.9m (up 63% from 1Q 2023).
  • Profit margin: 29% (up from 21% in 1Q 2023).
  • EPS: US$0.89 (up from US$0.45 in 1Q 2023).
NasdaqGS:SBLK Earnings and Revenue Growth May 24th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Star Bulk Carriers EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.

Performance of the American Shipping industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 5 warning signs we've spotted with Star Bulk Carriers.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.