This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Over the past 90 days, the Zacks Consensus Estimate for NMM's full-year earnings has moved 45.76% higher. NMM is currently sporting a Zacks Rank of #1 (Strong Buy). The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
Navios Maritime Partners is a member of our Transportation group, which includes 140 different companies and currently sits at #14 in the Zacks Sector Rank. Investors focused on the Transportation space have likely heard of Navios Maritime Partners ( NMM Quick Quote NMM - Free Report), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
