Benzinga | Mar 23, 2021 10:06AM EDT

Earnings Outlook For Navios Maritime Partners



Navios Maritime Partners (NYSE:NMM) will be releasing its next round of earnings this Wednesday, March 24. For all of the relevant information, here is your guide for Wednesday's Q4 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see Navios Maritime Partners reporting earnings of $1.0 per share on sales of $61.04 million. Navios Maritime Partners EPS in the same period a year ago totaled $1.11. Sales were $61.27 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The analyst consensus estimate would represent a 9.91% decrease in the company's earnings. Revenue would be down 0.37% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020EPS Estimate 0.30 -0.46 0.76EPS Actual 0.78 -0.71 -0.35Revenue Estimate 60.53 M 46.68 M 54.02 MRevenue Actual 64.50 M 46.55 M 46.49 M

Stock Performance

Shares of Navios Maritime Partners were trading at $29.05 as of March 22. Over the last 52-week period, shares are up 540.13%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Navios Maritime Partners is scheduled to hold the call at 08:30:00 ET and can be accessed here.