Star Bulk Carriers Third Quarter 2024 Earnings: EPS Misses Expectations

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).

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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