Navios Maritime Acquisition Corporation (NYSE:NNA) is reporting third quarter financial results on Tuesday 1st December 2020, Before Market Open.
According to analysts surveyed by Thomson Reuters, NNA is expected to report 3Q20 loss of $ 0.16 per share from revenue of $ 115.00 million.
For the full year, analysts anticipate top line of $ 503.00 million, while looking forward to income of $ 5.75 per share bottom line.
Previous Quarter Performance
Navios Maritime Acquisition Corporation posted income for the second quarter of $ 2.01 per share, from the revenue of $ 112.22 million. The quarterly earnings increased 3,250.00 percent while revenues swell 83.07 percent compared with the same quarter last year.
The consensus estimates are income of $ 2.24 per share from $ 83.00 million in revenue. The bottom line results missed street analysts by $ 0.23 or 10.27 percent, at the same time, top line results outshined analysts by $ 29.22 million or 35.20 percent.
Stock Performance
Shares of Navios Maritime Acquisition Corporation traded low $ -0.13 or -2.75 percent on Monday, reaching $ 4.59 with volume of 146.40 thousand shares. Navios Maritime Acquisition Corporation has traded high as $ 4.83 and has cracked $ 4.52 on the downward trend
According to the previous trading day, closing price of $ 4.59, representing a 125.84 % increase from the 52 week low of $ 2.09 and a 48.58 % decrease over the 52 week high of $ 9.18.
The company has a market capital of $ 78.50 million and is part of the Industrials sector and Shipping & Ports industry.
Conference Call
Navios Maritime Acquisition Corporation will be hosting a conference call at 8:30 AM eastern time on 1st December 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, +1.877.480.3873 (United States) or +1.404.665.9927 (International), with passcode : 709 4007 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.navios-acquisition.com
Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.
