Star Bulk Carriers’ EPS Estimate Drops 8.9% to $2.52, Zacks Ranks Sell
Star Bulk Carriers has an average brokerage recommendation of 1.86 from seven firms, with 57.1% rating it Strong Buy. Its Zacks Consensus Estimate for current-year EPS declined 8.9% in the past month to $2.52, resulting in a Zacks Rank #4 (Sell).
1. Brokerage Recommendations
Star Bulk Carriers holds an average brokerage recommendation of 1.86 based on seven firms’ ratings, with four (57.1%) assigning a Strong Buy rating, highlighting a typical positive bias among sell-side analysts.
2. EPS Estimate Revisions and Zacks Rank
The Zacks Consensus Estimate for the company’s current-year EPS fell by 8.9% over the past month to $2.52, prompting a Zacks Rank #4 (Sell) designation and signaling increased analyst pessimism.
3. Investment Implications
The disparity between a Buy-equivalent average brokerage recommendation and a Sell-ranked Zacks rating underscores the importance of weighting earnings estimate revisions over potentially biased analyst ratings when evaluating Star Bulk Carriers.