Seanergy Maritime Holdings Corp. Just Beat EPS By 147%: Here's What Analysts Think Will Happen Next

As you might know, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) just kicked off its latest second-quarter results with some very strong numbers. The company beat forecasts, with revenue of US$37m, some 4.8% above estimates, and statutory earnings per share (EPS) coming in at US$0.14, 147% ahead of expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

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Taking into account the latest results, the current consensus, from the three analysts covering Seanergy Maritime Holdings, is for revenues of US$140.1m in 2025. This implies a measurable 5.1% reduction in Seanergy Maritime Holdings' revenue over the past 12 months. Statutory earnings per share are forecast to nosedive 59% to US$0.29 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$138.9m and earnings per share (EPS) of US$0.29 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

View our latest analysis for Seanergy Maritime Holdings

The analysts reconfirmed their price target of US$11.00, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Seanergy Maritime Holdings analyst has a price target of US$15.00 per share, while the most pessimistic values it at US$9.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Seanergy Maritime Holdings shareholders.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 10% by the end of 2025. This indicates a significant reduction from annual growth of 12% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue decline 1.0% annually for the foreseeable future. So it's pretty clear that Seanergy Maritime Holdings' revenues are expected to shrink faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. The consensus also reconfirmed their revenue estimates, suggesting that it is performing in line with expectations. Plus, our data suggests that Seanergy Maritime Holdings is expected to perform worse 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 forecasts for Seanergy Maritime Holdings going out to 2026, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 3 warning signs for Seanergy Maritime Holdings you should be aware of, and 1 of them can't be ignored.

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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.