Overview
Greece-based dry bulk shipping firm's Q4 revenue beat analyst expectations
Adjusted EBITDA for Q4 slightly exceeded analyst estimates
Outlook
Star Bulk plans to distribute 100% of quarterly free cash flow to shareholders
Result Drivers
HIGHER CHARTER RATES - Increase in TCE rate to $19,012 per day contributed to higher revenue despite fewer vessels
LOWER CHARTER-IN EXPENSES - Decrease in charter-in hire expenses contributed to improved TCE revenues
REDUCED OPERATING EXPENSES - Lower vessel operating expenses due to fewer vessels in fleet
Company press release: ID:nGNX7wRWV
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenues | Beat | $300.59 mln | $249.93 mln (3 Analysts) |
Q4 Adjusted EPS | $0.66 | ||
Q4 EPS | $0.57 | ||
Q4 Adjusted Net Income | Beat | $74.54 mln | $72.60 mln (2 Analysts) |
Q4 Net Income | $65.15 mln | ||
Q4 Adjusted EBITDA | Slight Beat* | $126.42 mln | $125.87 mln (3 Analysts) |
Q4 EBITDA | $116.8 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the marine freight & logistics peer group is "buy"
Wall Street's median 12-month price target for Star Bulk Carriers Corp is $26.25, about 3.8% above its February 24 closing price of $25.28
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)