Navios Maritime Holdings Earnings: Everything You Must Know Now

Navios Maritime Holdings Inc. (NYSE:NM) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Navios Maritime Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.10 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Decreased 11.98% to $133.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Navios Maritime Holdings Inc. reported adjusted EPS loss of $0.10 per share. By that measure, the company beat the mean analyst estimate of $-0.19. It beat the average revenue estimate of $125.96 million.

Quoting Management: Angeliki Frangou, Chairman and Chief Executive Officer of Navios Holdings, stated, “We are pleased with our results for the first quarter of 2013. We reported $38.5 million of EBITDA. We continue to maintain our operating discipline, with moderate leverage of 42%, while focusing on shareholder value by returning capital through dividend payments. We declared a $0.06 dividend for Q1 2013 to shareholders of record on June 18, 2013.”

Key Stats (on next page)…

Revenue increased 4.16% from $128.46 million in the previous quarter. EPS decreased to $-0.10 in the quarter versus EPS of $-0.09 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.15 to a loss $0.16. For the current year, the average estimate has moved down from a loss of $0.48 to a loss of $0.66 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)