Navios Maritime Holdings Earnings: Here’s Why Investors are Selling Shares Now

Navios Maritime Holdings Inc. (NYSE:NM) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 4.6%.

Navios Maritime Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.16 in the quarter versus EPS of $0.05 in the year-earlier quarter.

Revenue: Decreased 27.01% to $125.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Navios Maritime Holdings Inc. reported adjusted EPS loss of $0.16 per share. By that measure, the company missed the mean analyst estimate of $-0.11. It missed the average revenue estimate of $132.55 million.

Quoting Management: Angeliki Frangou, Chairman and Chief Executive Officer of Navios Holdings stated, “We had a solid quarter and reported $38.8 million of EBITDA. We are maintaining our operating discipline, with moderate leverage of 44.1% and cash of about $277.1 million. As we focus on execution, we continue to return capital to our shareholders through dividend payments and declared a $0.06 dividend for Q2 2013 to record holders on September 18, 2013, representing a yield of almost 4%.”

Key Stats (on next page)…

Revenue decreased 6.16% from $133.84 million in the previous quarter. EPS decreased to $-0.16 in the quarter versus EPS of $-0.10 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.15 to a loss $0.10. For the current year, the average estimate has moved up from a loss of $0.52 to a loss of $0.32 over the last ninety days.

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