Navios Maritime Holdings Misses on the Top and Bottom Lines

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Navios Maritime Holdings (NYS: NM) reported earnings on May 18. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Navios Maritime Holdings missed estimates on both revenue and earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share improved.


Gross margin and operating margin contracted, while net margin improved.

Revenue details
Navios Maritime Holdings notched revenue of $152 million. The one analyst polled by S&P Capital IQ wanted to see revenue of $156 million on the same basis. GAAP-reported sales were 16% lower than the prior-year quarter's $181.8 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.09. The one earnings estimate compiled by S&P Capital IQ averaged $0.10 per share. GAAP EPS were $0.09 for Q1 versus -$0.38 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 42.3%, 650 basis points worse than the prior-year quarter. Operating margin was 17%, 640 basis points worse than the prior-year quarter. Net margin was 6.2%, 2,720 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $170.4 million. On the bottom line, the average EPS estimate is $0.11.

Next year's average estimate for revenue is $675.8 million. The average EPS estimate is $0.43.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,577 members rating the stock outperform and 34 members rating it underperform. Among 306 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 296 give Navios Maritime Holdings a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Navios Maritime Holdings is outperform, with an average price target of $4.60.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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