Navios Maritime Partners
The 10-second takeaway
For the quarter ended March 31 (Q1), Navios Maritime Partners beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins contracted, net margins dropped.
Navios Maritime Partners chalked up revenue of $50.3 million. The seven analysts polled by S&P Capital IQ expected a top line of $49.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.24. The six earnings estimates compiled by S&P Capital IQ anticipated $0.25 per share. GAAP EPS of $0.24 for Q1 were 20% lower than the prior-year quarter's $0.30 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 93.8%, 50 basis points better than the prior-year quarter. Operating margin was 37.1%, 270 basis points worse than the prior-year quarter. Net margin was 32.3%, 300 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $47.9 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $189.3 million. The average EPS estimate is $0.86.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 226 members out of 239 rating the stock outperform, and 13 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 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 $14.21.
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