
SBLK Stock Forecast & Price Target
SBLK Analyst Ratings
Bulls say
Star Bulk Carriers has reported a substantial increase in revenues for the fourth quarter, with earnings reaching $217 million, surpassing forecasts and indicating strong market momentum. The company possesses a healthy cash position of $452.5 million and a low net loan-to-value ratio of 21%, signaling robust financial stability. Additionally, the firm’s strategic sale of older vessels positions it effectively to enhance its fleet and capitalize on the strengthening dry bulk market, contributing to a positive financial outlook.
Bears say
Star Bulk Carriers reported adjusted EPS of $0.28 for the third quarter, which, while above internal estimates, fell short of the consensus forecast of $0.32, indicating weakening performance relative to market expectations. Additionally, the company’s adjusted EBITDA of $86.8 million was significantly below both the consensus estimate of $97.6 million and the analyst's own forecast of $105.2 million, highlighting ongoing financial challenges. Furthermore, higher interest rates are negatively impacting ship values, which could pose further risks to the company's financial stability and overall outlook in the current environment.
This aggregate rating is based on analysts' research of Star Bulk Carriers and is not a guaranteed prediction by Public.com or investment advice.
SBLK Analyst Forecast & Price Prediction
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