Navios Maritime Partners Hits Estimates, but GAAP Results Lag Last Year's
Navios Maritime Partners (NYS: NMM) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Navios Maritime Partners met expectations on revenues and met expectations on earnings per share.
Compared with the prior-year quarter, revenue grew and GAAP earnings per share contracted.
Gross margins expanded, operating margins shrank, net margins dropped.
Navios Maritime Partners logged revenue of $48.0 million. The four analysts polled by S&P Capital IQ expected sales of $47.6 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $42.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.30. The four earnings estimates compiled by S&P Capital IQ predicted $0.30 per share. GAAP EPS of $0.30 for Q1 were 6.3% lower than the prior-year quarter's $0.32 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 93.3%, 20 basis points better than the prior-year quarter. Operating margin was 39.8%, 360 basis points worse than the prior-year quarter. Net margin was 35.3%, 350 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $47.8 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $189.8 million. The average EPS estimate is $1.19.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 200 members out of 213 rating the stock outperform, and 13 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Navios Maritime Partners a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Navios Maritime Partners is outperform, with an average price target of $19.25.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Navios Maritime Partners. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Get instant access to this free report.
- Add Navios Maritime Partners to My Watchlist.
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. He is the 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 don't 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.