Wabash National Increases Sales but Misses Estimates on Earnings

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Wabash National (NYS: WNC) reported earnings on Feb. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Wabash National beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved significantly.

Gross margins contracted, operating margins grew, and net margins expanded.

Revenue details
Wabash National logged revenue of $336.4 million. The five analysts polled by S&P Capital IQ anticipated a top line of $316.9 million. Sales were 41% higher than the prior-year quarter's $170.8 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $0.02. The five earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share on the same basis. GAAP EPS of $0.11 for Q3 were 57% higher than the prior-year quarter's $0.07 per share.

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Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 6.0%, 120 basis points worse than the prior-year quarter. Operating margin was 2.5%, 10 basis points better than the prior-year quarter. Net margin was 2.2%, 20 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $344.0 million. On the bottom line, the average EPS estimate is $0.10.

Next year's average estimate for revenue is $1.19 billion. The average EPS estimate is $0.22.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 82 members out of 139 rating the stock outperform, and 57 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Wabash National a green thumbs-up, and 16 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wabash National is buy, with an average price target of $12.40.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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