Navigator Holdings Q3 EPS $0.26 Misses $0.29 Estimate, Sales $137.77M Beat $122.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Navigator Holdings (NYSE:NVGS) reported Q3 earnings per share of $0.26, missing the consensus estimate of $0.29 by 10.34%. However, the company saw a significant increase of 766.67% in earnings compared to $0.03 per share from the same period last year. Sales for the quarter were $137.77M, surpassing the estimate of $122.07M by 12.86% and marking a 28.98% increase from last year's $106.81M.
November 13, 2023 | 10:46 pm
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Navigator Holdings reported lower-than-expected Q3 EPS at $0.26, missing estimates by 10.34%, but exceeded sales estimates with $137.77M, a 28.98% YOY increase.
While NVGS missed EPS estimates which could negatively impact the stock, the significant increase in sales and year-over-year earnings growth may offset investor concerns, leading to a neutral short-term impact.
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IMPORTANCE 75
RELEVANCE 100