Navigator Holdings (NVGS) got here out with quarter
Navigator Holdings (NVGS) got here out with quarterly earnings of $0.04 per share, lacking the Zacks Consensus Estimate of $0.15 per share. This compares to lack of $0.05 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -73.33%. 1 / 4 in the past, it was anticipated that this transportaion firm for the pure gasoline and and chemical business would put up earnings of $0.13 per share when it truly produced earnings of $0.03, delivering a shock of -76.92%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Navigator Holdings, which belongs to the Zacks Transportation – Delivery business, posted revenues of $70.91 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 0.19%. This compares to year-ago revenues of $63.94 million. The corporate has topped consensus income estimates two instances over the past 4 quarters.
The sustainability of the inventory’s fast worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Navigator Holdings shares have misplaced about 5.7% because the starting of the 12 months versus the S&P 500’s acquire of 5.8%.
What’s Subsequent for Navigator Holdings?
Whereas Navigator Holdings has underperformed the market up to now this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a powerful observe document of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Navigator Holdings was combined. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You’ll be able to see the whole listing of in the present day’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.26 on $73.04 million in revenues for the approaching quarter and $1.50 on $309.51 million in revenues for the present fiscal 12 months.
Buyers ought to be aware of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as effectively. By way of the Zacks Business Rank, Transportation – Delivery is at present within the backside 36% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Navigator Holdings Ltd. (NVGS): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.