Navigator Holdings: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Navigator Holdings (NYSE:NVGS) reported Q1 earnings with in-line EPS of $0.25, while revenue was down $3.17 million YoY. Last quarter, the company missed EPS by $0.06, followed by a 6.1% increase in share price the next day.
May 22, 2023 | 9:30 pm
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Navigator Holdings reported Q1 earnings with in-line EPS of $0.25 and a YoY revenue decrease of $3.17 million. Last quarter, the company missed EPS by $0.06, followed by a 6.1% share price increase.
Navigator Holdings reported in-line EPS, which indicates that the company met market expectations. However, the revenue decrease YoY may cause some concern among investors. Last quarter, the company missed EPS but the share price increased, suggesting that the market may have already priced in the current earnings. Therefore, the short-term impact on the stock price is expected to be neutral.
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