Navios Maritime Holdings
The 10-second takeaway
For the quarter ended June 30 (Q2), Navios Maritime Holdings crushed expectations on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Navios Maritime Holdings logged revenue of $172.1 million. The one analyst polled by S&P Capital IQ expected to see a top line of $123.8 million on the same basis. GAAP reported sales were 4.1% higher than the prior-year quarter's $165.4 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 predicted $0.11 per share. GAAP EPS of $0.05 for Q2 were 89% lower than the prior-year quarter's $0.46 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%, 470 basis points worse than the prior-year quarter. Operating margin was 16.0%, 380 basis points worse than the prior-year quarter. Net margin was 3.1%, 2,770 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $131.9 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $526.9 million. The average EPS estimate is $0.41.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,570 members out of 1,609 rating the stock outperform, and 39 members rating it underperform. Among 288 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 278 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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