The Gory Details on Universal Truckload Services' Double Fumble

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Universal Truckload Services (NAS: UACL) filed its 10-K on Thursday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Universal Truckload Services missed estimates on revenues and missed estimates on earnings per share.

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

Gross margins shrank, operating margins expanded, and net margins were steady.

Revenue details
Universal Truckload Services reported revenue of $174.6 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $186.4 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $156.1 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.23. The three earnings estimates compiled by S&P Capital IQ forecast $0.29 per share on the same basis. GAAP EPS of $0.22 for Q4 were 10.0% higher than the prior-year quarter's $0.20 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 23.4%, 10 basis points worse than the prior-year quarter. Operating margin was 3.5%, 20 basis points better than the prior-year quarter. Net margin was 2.0%, about the same as the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $176.2 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $773.8 million. The average EPS estimate is $1.18.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Truckload Services is outperform, with an average price target of $18.75.

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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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