The most recent trading session ended with Navios Maritime Partners LP (NMM) standing at $39.59, reflecting a -1.79% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 1.12%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 2.04%.

Shares of the company witnessed a loss of 5.13% over the previous month, trailing the performance of the Transportation sector with its loss of 3.72% and the S&P 500's loss of 2.91%.

Analysts and investors alike will be keeping a close eye on the performance of Navios Maritime Partners LP in its upcoming earnings disclosure.

NMM's full-year Zacks Consensus Estimates are calling for earnings of $12.64 per share and revenue of $1.37 billion. These results would represent year-over-year changes of +13.46% and +11.35%, respectively.

Any recent changes to analyst estimates for Navios Maritime Partners LP should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Navios Maritime Partners LP currently has a Zacks Rank of #5 (Strong Sell).

Valuation is also important, so investors should note that Navios Maritime Partners LP has a Forward P/E ratio of 3.19 right now. This signifies a discount in comparison to the average Forward P/E of 8.92 for its industry.

The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 170, finds itself in the bottom 33% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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Navios Maritime Partners LP (NMM) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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