Navios Maritime Holdings Inc Up 1.15% To $1.78 After Earnings

Navios Maritime Holdings Inc. (NM) beat out earnings estimates for Q1 2023 this morning.

Navios Maritime Holdings Inc's earnings came in at an EPS of $0.25 per share. The firm's earnings are up 134% since reporting losses of $0.74 per share in the same period a year ago.

Navios Maritime Holdings Inc reported Q1 2023 revenue of $65.4 million. The $65.4 million (0%) negative revenue surprise led to 11% growth year-over-year as the firm reported revenue of $59.2 million in its year-ago quarter. The higher earnings growth compared to revenue points to Navios Maritime Holdings Inc improving its profit margin.

The stock is up 1.15% to $1.78 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Navios Maritime Holdings Inc a Bullish Sentiment Rank from InvestorsObserver.

Navios Maritime Holdings Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 20, putting Navios Maritime Holdings Inc in the bottom 25% of stocks. The firm set a 52-week low on December 22, 2022 at $1.53 and set a 52-week high on May 27, 2022 at $3.57.

Navios Maritime Holdings Inc is a shipping company which provides transportation, trading, storage, and logistics services for bulk cargoes. It operates a diverse portfolio of Capesize, Panamax, ultra-handymax and handy size bulk carriers. The company has two reportable segments namely the Dry Bulk Vessel Operations segment, the Logistics Business segment. Geographically, the company generates a majority of its revenue from South America.