Standard Parking Beats on EPS but GAAP Results Lag
Standard Parking (NAS: STAN) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Standard Parking missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped significantly.
Gross margins were steady, operating margins contracted, net margins shrank.
Standard Parking reported revenue of $79.8 million. The five analysts polled by S&P Capital IQ anticipated revenue of $82.7 million on the same basis. GAAP reported sales were 1.8% lower than the prior-year quarter's $184.0 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 $0.32. The five earnings estimates compiled by S&P Capital IQ averaged $0.30 per share on the same basis. GAAP EPS of $0.23 for Q4 were 21% lower than the prior-year quarter's $0.29 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 12.3%, about the same as the prior-year quarter. Operating margin was 3.2%, 160 basis points worse than the prior-year quarter. Net margin was 2.0%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $84.4 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $342.2 million. The average EPS estimate is $1.32.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Parking is outperform, with an average price target of $20.75.
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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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