Navios Maritime Holdings Misses on the Top and Bottom Lines
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.
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.
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 thisarticle 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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