Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

A week ago, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) came out with a strong set of first-quarter numbers that could potentially lead to a re-rate of the stock. Revenues and losses per share were both better than expected, with revenues of US$24m leading estimates by 4.3%. Statutory losses were smaller than the analystsexpected, coming in at US$0.34 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

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Following the recent earnings report, the consensus from four analysts covering Seanergy Maritime Holdings is for revenues of US$136.7m in 2025. This implies a definite 11% decline in revenue compared to the last 12 months. Statutory earnings per share are forecast to tumble 69% to US$0.37 in the same period. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$136.2m and losses of US$0.15 per share in 2025. Although we saw no serious change to the revenue outlook, the analysts have definitely increased their earnings estimates, estimating a profit next year, compared to previous forecasts of a loss. So it seems like the consensus has become substantially more bullish on Seanergy Maritime Holdings.

Check out our latest analysis for Seanergy Maritime Holdings

There's been no major changes to the consensus price target of US$11.06, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's 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. Currently, the most bullish analyst values Seanergy Maritime Holdings at US$15.00 per share, while the most bearish prices it at US$9.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 14% by the end of 2025. This indicates a significant reduction from annual growth of 13% over the last five years. Yet aggregate analyst estimates for other companies in the industry suggest that industry revenues are forecast to decline 0.03% per year. The forecasts do look bearish for Seanergy Maritime Holdings, since they're expecting it to shrink faster than the industry.

The Bottom Line

The most important thing to take away is that the analysts now expect Seanergy Maritime Holdings to become profitable next year, compared to previous expectations that it would report a loss. 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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Seanergy Maritime Holdings analysts - going out to 2026, and you can see them free on our platform here.

Even so, be aware that Seanergy Maritime Holdings is showing 2 warning signs in our investment analysis , and 1 of those is potentially serious...

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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.