In the latest trading session, Eagle Bulk Shipping (EGLE) closed at $46.86, marking a +1.91% move from the previous day. This move outpaced the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.12%.Heading into today, shares of the shipping company had gained 9.97% over the past month, outpacing the Transportation sector's loss of 7.35% and the S&P 500's loss of 3.29% in that time.Eagle Bulk Shipping will be looking to display strength as it nears its next earnings release. In that report, analysts expect Eagle Bulk Shipping to post earnings of $4.45 per share. This would mark a year-over-year decline of 9.55%. Meanwhile, our latest consensus estimate is calling for revenue of $137.15 million, down 10.43% from the prior-year quarter.For the full year, our Zacks Consensus Estimates are projecting earnings of $16.92 per share and revenue of $559.74 million, which would represent changes of +38.92% and +14.26%, respectively, from the prior year.Any recent changes to analyst estimates for Eagle Bulk Shipping should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.24% lower. Eagle Bulk Shipping is holding a Zacks Rank of #4 (Sell) right now.Looking at its valuation, Eagle Bulk Shipping is holding a Forward P/E ratio of 2.72. Its industry sports an average Forward P/E of 3.11, so we one might conclude that Eagle Bulk Shipping is trading at a discount comparatively.The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow EGLE in the coming trading sessions, be sure to utilize Zacks.com. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.>>Show me how I could profit from the metaverse!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eagle Bulk Shipping Inc. (EGLE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research