Here's Why Navios Maritime Partners LP (NMM) Fell More Than Broader Market

In this article:

The latest trading session saw Navios Maritime Partners LP (NMM) ending at $57.10, denoting a -0.38% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.19%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.36%.

Prior to today's trading, shares of the company had gained 10.96% over the past month. This has outpaced the Transportation sector's gain of 5.31% and the S&P 500's gain of 2.06% in that time.

The investment community will be closely monitoring the performance of Navios Maritime Partners LP in its forthcoming earnings report. The company is expected to report EPS of $4.07, up 51.87% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $337.65 million, showing a 4.48% escalation compared to the year-ago quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.80 per share and revenue of $1.29 billion. These totals would mark changes of +18.88% and -1%, respectively, from last year.

Investors should also pay attention to any latest changes in analyst estimates for Navios Maritime Partners LP. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Navios Maritime Partners LP is carrying a Zacks Rank of #3 (Hold).

With respect to valuation, Navios Maritime Partners LP is currently being traded at a Forward P/E ratio of 3.87. Its industry sports an average Forward P/E of 7.18, so one might conclude that Navios Maritime Partners LP is trading at a discount comparatively.

The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 134, this industry ranks in the bottom 48% of all industries, numbering over 250.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Navios Maritime Partners LP (NMM) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Advertisement