Navios Maritime Partners LP Representing Limited Partner Interests Down 9.94% To $25.90 After Earnings Miss

Navios Maritime Partners L.P. (NMM) missed earnings estimates for Q4 2022 this morning.

Navios Maritime Partners LP Representing Limited Partner Interests's earnings came in at an EPS of $3.66 per share, 31% lower than estimates for an EPS of $5.34 per share. The firm's earnings are down 9% since reporting $4.03 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Consensus analyst estimates were at $393.1 million. The Industrials company missed on those expectations for its fourth quarter with revenue of $370.9 million, a negative revenue surprise of $22.3 million (6%). The firm managed 38% growth year-over-year due to Navios Maritime Partners LP Representing Limited Partner Interests reporting quarterly revenue of $268.1 million in its year-ago quarter. Navios Maritime Partners LP Representing Limited Partner Interests achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is down 9.94% to $25.90 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Navios Maritime Partners LP Representing Limited Partner Interests a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 45. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts.