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Why Navios Maritime (NMM) Could Be Positioned for a Surge
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Navios Maritime Partners L.P. (NMM - Free Report) is an international owner and operator of dry cargo vessels that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NMM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Navios Maritime could be a solid choice for investors.
Current Quarter Estimates for NMM
In the past 30 days, two estimates have gone higher for Navios Maritime while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 2 cents a share 30 days ago, to earnings of 1 penny today, a significant increase.
Current Year Estimates for NMM
Meanwhile, Navios Maritime’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 9 cents per share 30 days ago to earnings of 11 cents per share today, a significant increase.
The stock has also started to move higher lately, adding 7.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can seethe complete list of today’s Zacks #1 Rank stocks here.
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Why Navios Maritime (NMM) Could Be Positioned for a Surge
Navios Maritime Partners L.P. (NMM - Free Report) is an international owner and operator of dry cargo vessels that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NMM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Navios Maritime could be a solid choice for investors.
Current Quarter Estimates for NMM
In the past 30 days, two estimates have gone higher for Navios Maritime while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 2 cents a share 30 days ago, to earnings of 1 penny today, a significant increase.
Current Year Estimates for NMM
Meanwhile, Navios Maritime’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 9 cents per share 30 days ago to earnings of 11 cents per share today, a significant increase.
Navios Maritime Partners LP Price and Consensus
Navios Maritime Partners LP Price and Consensus | Navios Maritime Partners LP Quote
Bottom Line
The stock has also started to move higher lately, adding 7.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>