Star Bulk Carriers Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St

November 21, 2024

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

Key Financial Results

Revenue: US$344.3m (up 54% from 3Q 2023).
Net income: US$81.3m (up 86% from 3Q 2023).
Profit margin: 24% (up from 20% in 3Q 2023).
EPS: US$0.70 (up from US$0.43 in 3Q 2023).

earnings-and-revenue-growth — NasdaqGS:SBLK Earnings and Revenue Growth November 21st 2024

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

Star Bulk Carriers EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 1.2% 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 shares are down 5.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Star Bulk Carriers that we have uncovered.

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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.