Celadon Group Beats on Both Top and Bottom Lines
Celadon Group (NYS: CGI) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q4), Celadon Group beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share contracted significantly.
Gross margins were steady, operating margins shrank, net margins dropped.
Celadon Group recorded revenue of $162.6 million. The eight analysts polled by S&P Capital IQ anticipated sales of $158.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.31. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.30 per share. GAAP EPS of $0.31 for Q4 were 21% lower than the prior-year quarter's $0.39 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 23.0%, much about the same as the prior-year quarter. Operating margin was 7.9%, 220 basis points worse than the prior-year quarter. Net margin was 4.5%, 120 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $157.2 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $644.9 million. The average EPS estimate is $1.38.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 137 members out of 155 rating the stock outperform, and 18 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Celadon Group a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Celadon Group is outperform, with an average price target of $21.00.
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The article Celadon Group Beats on Both Top and Bottom Lines originally appeared on Fool.com.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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. 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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