Navios Maritime Partners: Q1 Earnings Insights

Shares of Navios Maritime Partners NMM rose 0.4% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 3400.00% over the past year to ($0.35), which missed the estimate of $0.76.

Revenue of $46,490,000 fell by 0.70% from the same period last year, which missed the estimate of $54,020,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 13, 2020

Time: 06:54 PM ET

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=http%3A%2F%2Fnavios-mlp.irwebpage.com%2Fevents.html&eventid=2316414&sessionid=1&key=702807D3F9B5EB78311F8A2E5A39A8AB&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $21.30

Company's 52-week low was at $0.85

Price action over last quarter: down 39.93%

Company Overview

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts.