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Navios Maritime Holdings Beats on the Top Line

Navios Maritime Holdings (NYSE: NM  ) reported earnings on Feb. 19. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue contracted significantly. Non-GAAP earnings per share dropped to a loss. GAAP earnings per share grew significantly.

Gross margins shrank, operating margins dropped, net margins expanded.

Revenue details
Navios Maritime Holdings reported revenue of $128.5 million. The two analysts polled by S&P Capital IQ predicted a top line of $102.1 million on the same basis. GAAP reported sales were 24% lower than the prior-year quarter's $168.4 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 -$0.14. The two earnings estimates compiled by S&P Capital IQ averaged -$0.10 per share. Non-GAAP EPS were -$0.14 for Q4 versus $0.12 per share for the prior-year quarter. GAAP EPS of $1.32 for Q4 were much higher than the prior-year quarter's $0.11 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 28.4%, 1,050 basis points worse than the prior-year quarter. Operating margin was 1.2%, 1,450 basis points worse than the prior-year quarter. Net margin was 114.1%, 10,710 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $88.2 million. On the bottom line, the average EPS estimate is -$0.22.

Next year's average estimate for revenue is $378.2 million. The average EPS estimate is -$0.80.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,535 members out of 1,572 rating the stock outperform, and 37 members rating it underperform. Among 312 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 302 give Navios Maritime Holdings a green thumbs-up, and 10 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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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. TMFDisclosureHere

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5/27/2016 4:02 PM
NM $1.05 Up +0.04 +0.00%
Navios Maritime Ho… CAPS Rating: ***