
SBLK Stock Forecast & Price Target
SBLK Analyst Ratings
Bulls say
Star Bulk Carriers Corp is poised for significant growth as indicated by its substantial 4Q bookings, projected to be the highest since 1Q24, alongside a robust dry bulk market. The company has seen an increase in cash reserves to $452.5 million, along with a healthy net loan-to-value ratio of 21%, which underscores its strong financial position. Additionally, higher-than-expected revenues of $217 million and an adjusted EBITDA of $114.9 million reflect the company's capacity to capitalize on favorable market conditions moving into the upcoming quarters.
Bears say
Star Bulk Carriers Corp reported EPS of $0.16, with an adjusted EPS of $0.28, falling short of the $0.32 consensus forecast and illustrating underperformance relative to market expectations. The company's adjusted EBITDA was $86.8 million, significantly below the consensus estimate of $97.6 million and the analyst's forecast of $105.2 million, indicating weak operational profitability. Additionally, a decline in Kamsarmax rates following a peak, alongside prevailing high-interest rates negatively affecting ship values, further contributes to a pessimistic financial outlook for the company.
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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