Navios Maritime Partners LP (NMM) closed higher but underperformed the market

From Nasdaq: 2024-12-24 17:50:18

In the latest trading session, Navios Maritime Partners LP (NMM) closed at $44.52, a 0.29% increase from the previous day. However, the stock underperformed the S&P 500, which saw a daily gain of 1.1%. Analysts predict a 22.22% decline in EPS and a 4.15% increase in revenue for the upcoming earnings report.

The Zacks Consensus Estimates project a yearly EPS of $11.89 and revenue of $1.23 billion for Navios Maritime Partners LP, indicating declines from the previous year. The stock currently holds a Zacks Rank of #5 (Strong Sell) due to a recent 3.88% decrease in EPS estimates. Investors should monitor these changes closely.

Navios Maritime Partners LP has a Forward P/E ratio of 3.73, lower than the industry average of 5.59. The Transportation – Shipping industry, part of the Transportation sector, ranks in the bottom 9% of all industries. Utilize Zacks.com for updated metrics and industry analysis to make informed investment decisions.

A Zacks expert has identified 5 stocks with the potential to double in value by 2024, offering a chance to capitalize on these opportunities early. Most of these picks are currently flying under the radar, presenting a unique opportunity for investors. Stay ahead of the curve with Zacks Investment Research for the latest recommendations and insights.



Read more at Nasdaq: Here’s Why Navios Maritime Partners LP (NMM) Gained But Lagged the Market Today