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Navios Maritime Partners LP (NMM) Stock Declines While Market Improves: Some Information for Investors
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In the latest close session, Navios Maritime Partners LP (NMM - Free Report) was down 1.8% at $48.12. The stock trailed the S&P 500, which registered a daily gain of 0.3%. Elsewhere, the Dow saw a downswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.03%.
Shares of the company have appreciated by 10.98% over the course of the past month, outperforming the Transportation sector's gain of 1.13%, and the S&P 500's gain of 2.09%.
Investors will be eagerly watching for the performance of Navios Maritime Partners LP in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.95, indicating a 6.35% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $353.75 million, indicating a 15.65% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.99 per share and revenue of $1.31 billion. These totals would mark changes of -10.32% and +6.79%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Navios Maritime Partners LP. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Navios Maritime Partners LP possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Navios Maritime Partners LP is presently being traded at a Forward P/E ratio of 4.9. This indicates a discount in contrast to its industry's Forward P/E of 10.43.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 185, positioning it in the bottom 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Navios Maritime Partners LP (NMM) Stock Declines While Market Improves: Some Information for Investors
In the latest close session, Navios Maritime Partners LP (NMM - Free Report) was down 1.8% at $48.12. The stock trailed the S&P 500, which registered a daily gain of 0.3%. Elsewhere, the Dow saw a downswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.03%.
Shares of the company have appreciated by 10.98% over the course of the past month, outperforming the Transportation sector's gain of 1.13%, and the S&P 500's gain of 2.09%.
Investors will be eagerly watching for the performance of Navios Maritime Partners LP in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.95, indicating a 6.35% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $353.75 million, indicating a 15.65% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.99 per share and revenue of $1.31 billion. These totals would mark changes of -10.32% and +6.79%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Navios Maritime Partners LP. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Navios Maritime Partners LP possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Navios Maritime Partners LP is presently being traded at a Forward P/E ratio of 4.9. This indicates a discount in contrast to its industry's Forward P/E of 10.43.
The Transportation - Shipping industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 185, positioning it in the bottom 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.