Navios Maritime Holdings Beats on the Top Line

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Navios Maritime Holdings (NYS: NM) reported earnings on Feb. 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Navios Maritime Holdings crushed expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted significantly. Non-GAAP earnings per share dropped to a loss. GAAP earnings per share grew significantly.


Gross margins shrank, operating margins dropped, net margins expanded.

Revenue details
Navios Maritime Holdings reported revenue of $128.5 million. The two analysts polled by S&P Capital IQ predicted a top line of $102.1 million on the same basis. GAAP reported sales were 24% lower than the prior-year quarter's $168.4 million.

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 -$0.14. The two earnings estimates compiled by S&P Capital IQ averaged -$0.10 per share. Non-GAAP EPS were -$0.14 for Q4 versus $0.12 per share for the prior-year quarter. GAAP EPS of $1.32 for Q4 were much higher than the prior-year quarter's $0.11 per share.

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 28.4%, 1,050 basis points worse than the prior-year quarter. Operating margin was 1.2%, 1,450 basis points worse than the prior-year quarter. Net margin was 114.1%, 10,710 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $88.2 million. On the bottom line, the average EPS estimate is -$0.22.

Next year's average estimate for revenue is $378.2 million. The average EPS estimate is -$0.80.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,535 members out of 1,572 rating the stock outperform, and 37 members rating it underperform. Among 312 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 302 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 $5.00.

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The article Navios Maritime Holdings Beats on the Top Line originally appeared on Fool.com.

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. TMFDisclosureHere

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