Navios Maritime Partners LP (NMM) closed the most recent trading day at $48.35, moving -1.47% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a drop of 0.27%, and the technology-dominated Nasdaq saw a decrease of 0.07%.
Heading into today, shares of the company had gained 11.98% over the past month, outpacing the Transportation sector's loss of 0.76% and the S&P 500's gain of 2.71%.
Investors will be eagerly watching for the performance of Navios Maritime Partners LP in its upcoming earnings disclosure. The company is forecasted to report an EPS of $2.95, showcasing a 6.35% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $353.75 million, reflecting a 15.65% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $9.99 per share and a revenue of $1.31 billion, demonstrating changes of -10.32% and +6.79%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Navios Maritime Partners LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Navios Maritime Partners LP is carrying a Zacks Rank of #4 (Sell).
From a valuation perspective, Navios Maritime Partners LP is currently exchanging hands at a Forward P/E ratio of 4.91. Its industry sports an average Forward P/E of 11.34, 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. Currently, this industry holds a Zacks Industry Rank of 167, positioning it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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Navios Maritime Partners LP (NMM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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