Navios Maritime (NYSE: NMM) is scheduled to release second-quarter 2024 earnings results on Aug 20, before market opens.
The shipping company's earnings surpassed the Zacks Consensus Estimate in each of the last four quarters. The average beat is 25.4%.
Navios Maritime Partners LP Price and EPS Surprise
Navios Maritime Partners LP price-eps-surprise | Navios Maritime Partners LP Quote
The Zacks Consensus Estimate for the to-be-reported quarter's earnings is pegged at $2.90 per share. The earnings estimate for the to-be-reported quarter has declined 11.8% in the past 60 days. The bottom-line projection indicates a year-over-year contraction of 12.7%. The Zacks Consensus Estimate for quarterly revenues, currently pegged at $317.6 million, indicates a year-over-year decrease of 8.5%.
Against this backdrop, let's delve into the factors that might have impacted Navios Maritime's June-quarter performance.
We expect vessel operating expenses to have been high in the to-be-reported quarter. Time charter and voyage expenses are also expected to have been high. High costs are likely to have dented NMM's bottom-line performance. ...
