Navios Maritime Partners L.P. (NYSE:NMM) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.21%.
Navios Maritime Partners L.P. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 20% to $0.24 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Rose 4.77% to $50.28 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Navios Maritime Partners L.P. reported adjusted EPS income of $0.24 per share. By that measure, the company missed the mean analyst estimate of $0.25. It beat the average revenue estimate of $49.6 million.
Quoting Management: Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated: “Navios Partners has become a key player in the dry bulk industry. Consistent performance has enabled us to position our business well in the face of challenging commodities markets. We have found that Navios Partners’ stability and brand is a competitive advantage in dealing with parties who are considering long-term exposure.”
Key Stats (on next page)…
Revenue decreased 4.75% from $52.79 million in the previous quarter. EPS decreased 17.24% from $0.29 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 $0.24 to a profit $0.23. For the current year, the average estimate has moved down from a profit of $0.92 to a profit of $0.9 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)