Navios Maritime Partners Crushes Earnings Estimates

Navios Maritime Partners (NYSE: 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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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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHer


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