Fool Cheatsheet: DCT Industrial Trust Earnings
DCT Industrial Trust (NYS: DCT) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), DCT Industrial Trust met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded to zero.
Gross margins were steady, operating margins expanded, net margins improved.
DCT Industrial Trust chalked up revenue of $66.1 million. The nine analysts polled by S&P Capital IQ expected revenue of $66.4 million on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $60.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.02. The four earnings estimates compiled by S&P Capital IQ predicted -$0.03 per share on the same basis. GAAP EPS dropped to zero from the prior-year quarter's -$0.05.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 73.5%, about the same as the prior-year quarter. Operating margin was 18.3%, 620 basis points better than the prior-year quarter. Net margin was -0.2%, 1,830 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $66.5 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $269.2 million. The average EPS estimate is -$0.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 118 members out of 133 rating the stock outperform, and 15 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give DCT Industrial Trust a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DCT Industrial Trust is hold, with an average price target of $5.43.
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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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