Wabash National Beats Analyst Estimates on EPS
Wabash National (NYS: WNC) reported earnings on April 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Wabash National missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins grew, net margins increased.
Wabash National reported revenue of $277.7 million. The five analysts polled by S&P Capital IQ hoped for a top line of $285.4 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $222.0 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 $0.10. The two earnings estimates compiled by S&P Capital IQ anticipated $0.09 per share. GAAP EPS of $0.07 for Q1 were 40% higher than the prior-year quarter's $0.05 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 7.1%, 30 basis points worse than the prior-year quarter. Operating margin was 2.6%, 80 basis points better than the prior-year quarter. Net margin was 1.8%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $361.1 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $1.45 billion. The average EPS estimate is $0.82.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 87 members out of 145 rating the stock outperform, and 58 members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give Wabash National a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wabash National is buy, with an average price target of $14.20.
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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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