Navios Maritime Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), Navios Maritime Holdings crushed expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Revenue details
Navios Maritime Holdings reported revenue of $133.8 million. The one analyst polled by S&P Capital IQ expected revenue of $97.1 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $152.0 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 -$0.10. The two earnings estimates compiled by S&P Capital IQ predicted -$0.21 per share. GAAP EPS were -$0.10 for Q1 versus $0.09 per share for the prior-year quarter.
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 27.0%, much worse than the prior-year quarter. Operating margin was -0.2%, much worse than the prior-year quarter. Net margin was -7.6%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $106.0 million. On the bottom line, the average EPS estimate is -$0.13.
Next year's average estimate for revenue is $457.0 million. The average EPS estimate is -$0.49.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,537 members out of 1,573 rating the stock outperform, and 36 members rating it underperform. Among 275 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 266 give Navios Maritime Holdings a green thumbs-up, and nine 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 $4.50.
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