Navios Maritime Partners (NYSE: 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.
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