Seanergy Maritime Holdings Corp. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) just released its latest third-quarter results and things are looking bullish. Results were good overall, with revenues beating analyst predictions by 3.0% to hit US$44m. Statutory earnings per share (EPS) came in at US$0.61, some 9.6% above whatthe analysts had expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Seanergy Maritime Holdings after the latest results.

Check out our latest analysis for Seanergy Maritime Holdings

Taking into account the latest results, the consensus forecast from Seanergy Maritime Holdings' four analysts is for revenues of US$170.5m in 2025. This reflects a satisfactory 3.2% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be US$2.26, approximately in line with the last 12 months. Before this earnings report, the analysts had been forecasting revenues of US$173.0m and earnings per share (EPS) of US$2.41 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.

It might be a surprise to learn that the consensus price target was broadly unchanged at US$15.00, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Seanergy Maritime Holdings, with the most bullish analyst valuing it at US$17.00 and the most bearish at US$14.00 per share. This is a very narrow spread of estimates, implying either that Seanergy Maritime Holdings is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Seanergy Maritime Holdings' revenue growth is expected to slow, with the forecast 2.6% annualised growth rate until the end of 2025 being well below the historical 12% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 0.004% per year. Even after the forecast slowdown in growth, it seems obvious that Seanergy Maritime Holdings is also expected to grow faster than the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Seanergy Maritime Holdings. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Seanergy Maritime Holdings analysts - going out to 2026, and you can see them free on our platform here.

We don't want to rain on the parade too much, but we did also find 3 warning signs for Seanergy Maritime Holdings that you need to be mindful of.

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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.