Navios Maritime Holdings
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Navios Maritime Holdings crushed expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.
Margins contracted across the board.
Navios Maritime Holdings booked revenue of $163.9 million. The one analyst polled by S&P Capital IQ expected to see net sales of $131.9 million on the same basis. GAAP reported sales were 5.7% lower than the prior-year quarter's $173.8 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 $0.04. The two earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share. GAAP EPS of $0.04 for Q3 were 73% lower than the prior-year quarter's $0.15 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 38.3%, 340 basis points worse than the prior-year quarter. Operating margin was 15.3%, 500 basis points worse than the prior-year quarter. Net margin was 2.8%, 660 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $119.2 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $575.3 million. The average EPS estimate is $0.17.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,549 members out of 1,587 rating the stock outperform, and 38 members rating it underperform. Among 290 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 278 give Navios Maritime Holdings a green thumbs-up, and 12 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 $5.00.
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