Seanergy Maritime Holdings Corp (SHIP) closed the most recent trading day at $5.78, moving +0.87% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.06%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq lost 0.1%.

Coming into today, shares of the company had lost 13.71% in the past month. In that same time, the Transportation sector lost 8.4%, while the S&P 500 lost 4.29%.

Analysts and investors alike will be keeping a close eye on the performance of Seanergy Maritime Holdings Corp in its upcoming earnings disclosure. In that report, analysts expect Seanergy Maritime Holdings Corp to post earnings of -$0.44 per share. This would mark a year-over-year decline of 177.19%. Meanwhile, the latest consensus estimate predicts the revenue to be $23.16 million, indicating a 39.51% decrease compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.62 per share and a revenue of $147.39 million, representing changes of -73.95% and -11.98%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Seanergy Maritime Holdings Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Seanergy Maritime Holdings Corp holds a Zacks Rank of #3 (Hold).

In terms of valuation, Seanergy Maritime Holdings Corp is currently trading at a Forward P/E ratio of 9.32. Its industry sports an average Forward P/E of 9.64, so one might conclude that Seanergy Maritime Holdings Corp is trading at a discount comparatively.

The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 233, putting it in the bottom 7% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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This article originally published on Zacks Investment Research (zacks.com).

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