Star Bulk Carriers: Here’s What Investors Need to Know Before Earnings

Star Bulk Carriers (NASDAQ:SBLK) will report earnings before markets open on Tuesday, May 28th. Star Bulk Carriers Corp owns and operates a fleet of dry bulk carriers. The Company’s vessels transport major bulks, which include iron ore, coal and grain and minor bulks such as bauxite, phosphate and steel products.

Here is your Cheat Sheet to Star Bulk Carriers Earnings:

Earnings Expectations: Analysts expect earnings of $-0.31 per share on revenues of $17.55 million.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.56 to a loss $0.44. For the current year, the average estimate is a loss of $1.14, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Star Bulk Carriers has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 239 142 121 107 86
Diluted EPS ($) 36.88 -14.39 -1.20 -14.54 -58.32

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 27.94 21.80 18.35 17.94
Diluted EPS ($) 0.00 -0.90 -57.15 -0.26

Past Performance:
Star Bulk Carriers has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]