Rush Enterprises Beats Up on Analysts Yet Again
Rush Enterprises (NAS: RUSH.B) reported earnings on Feb. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Rush Enterprises beat expectations on revenue and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly, and GAAP earnings per share expanded significantly.
Gross margin dropped, operating margin improved, and net margin increased.
Rush Enterprises tallied revenue of $696.4 million. The seven analysts polled by S&P Capital IQ anticipated a top line of $673.8 million on the same basis. GAAP reported sales were 68% higher than the prior-year quarter's $463.0 million.
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 $0.50. The one earnings estimate compiled by S&P Capital IQ forecast $0.17 per share. GAAP EPS of $0.50 for Q3 were 108% higher than the prior-year quarter's $0.24 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 15.7%, 150 basis points worse than the prior-year quarter. Operating margin was 4.4%, 150 basis points better than the prior-year quarter. Net margin was 2.5%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $723.2 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $2.52 billion. The average EPS estimate is $1.23.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rush Enterprises is outperform, with an average price target of $24.
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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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