Navios Maritime Partners
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Navios Maritime Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and earnings per share dropped.
Gross margins were steady, operating margins shrank, and net margins dropped.
Navios Maritime Partners notched revenue of $50.5 million. The six analysts polled by S&P Capital IQ expected to see a top line of $48.3 million. Sales were 19% higher than the prior-year quarter's $42.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.35. The six earnings estimates compiled by S&P Capital IQ predicted $0.34 per share on the same basis. GAAP EPS of $0.33 for Q4 were 10% lower than the prior-year quarter's $0.37 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 92.4%, about the same as the prior-year quarter. Operating margin was 42.4%, 410 basis points worse than the prior-year quarter. Net margin was 37%, 630 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $48.4 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $193.1 million. The average EPS estimate is $1.34.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 195 members out of 208 rating the stock outperform, and 13 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 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 $19.70.
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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. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.