Navios Maritime Partners (NYS: NMM) reported earnings on Oct. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Navios Maritime Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Margins increased across the board.
Navios Maritime Partners notched revenue of $55.5 million. The six analysts polled by S&P Capital IQ predicted a top line of $51.8 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $48.0 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 $0.36. The five earnings estimates compiled by S&P Capital IQ predicted $0.29 per share. GAAP EPS of $0.36 for Q3 were 24% higher than the prior-year quarter's $0.29 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 95.0%, 230 basis points better than the prior-year quarter. Operating margin was 44.1%, 430 basis points better than the prior-year quarter. Net margin was 39.9%, 540 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $51.9 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $200.2 million. The average EPS estimate is $1.18.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 209 members out of 221 rating the stock outperform, and 12 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Navios Maritime Partners a green thumbs-up, and three 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 $16.80.
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The article Navios Maritime Partners Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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