Navios Maritime Partners Crushes Earnings Estimates

Navios Maritime Partners (NYS: NMM) reported earnings on Jan. 24. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.

Gross margins grew, operating margins dropped, net margins grew.

Revenue details
Navios Maritime Partners reported revenue of $52.8 million. The seven analysts polled by S&P Capital IQ looked for sales of $50.3 million on the same basis. GAAP reported sales were 4.6% higher than the prior-year quarter's $50.5 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 $0.65. The six earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. GAAP EPS of $0.65 for Q4 were 97% higher than the prior-year quarter's $0.33 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 94.3%, 190 basis points better than the prior-year quarter. Operating margin was 39.3%, 310 basis points worse than the prior-year quarter. Net margin was 76.0%, 3,900 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $49.1 million. On the bottom line, the average EPS estimate is $0.26.

Next year's average estimate for revenue is $190.8 million. The average EPS estimate is $0.94.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 209 members out of 219 rating the stock outperform, and 10 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Navios Maritime Partners a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Navios Maritime Partners is hold, with an average price target of $15.17.

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The article Navios Maritime Partners Crushes Earnings Estimates 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. TMFDisclosureHer

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