Navios Maritime Holdings Earnings: Here’s Why Investors are Not Excited Now

Navios Maritime Holdings Inc. (NYSE:NM) delivered a profit 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. Shares are down 0.52%.

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Navios Maritime Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 1000% to $1.32 in the quarter versus EPS of $0.12 in the year-earlier quarter.

Revenue: Decreased 23.7% to $128.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Navios Maritime Holdings Inc. reported adjusted EPS income of $1.32 per share. By that measure, the company beat the mean analyst estimate of $-0.09. It beat the average revenue estimate of $123.13 million.

Quoting Management:Angeliki Frangou, Chairman and Chief Executive Officer of Navios Holdings stated, “I believe that Navios Holdings is poised to capture any upturn in the market. During the past few years, as the maritime industry suffered, we focused our energies on controlling that which we could. Today, we not only have excellent cost controls and superb technical management capabilities, we also have a strong balance sheet. As a result, we continue returning capital to our shareholders through dividend payments and declared a $0.06 dividend for Q4 2012 to shareholders of record on March 20, 2013.”

Key Stats (on next page)…

Revenue decreased 21.62% from $163.94 million in the previous quarter. EPS increased 3200% from $0.04 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 profit of $0.01 to a loss $0.12. For the current year, the average estimate has moved down from a profit of $0.14 to a profit of $0.11 over the last ninety days.

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