SeaCube Container Leasing Misses Where It Counts
SeaCube Container Leasing (NYS: BOX) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), SeaCube Container Leasing met expectations on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, both revenue and GAAP earnings per share increased significantly.
Gross margin dropped, operating margin increased, and net margin shrank.
SeaCube Container Leasing reported revenue of $49 million. The five analysts polled by S&P Capital IQ foresaw sales of $48.9 million on the same basis. GAAP-reported sales were 33% higher than the prior-year quarter's $36.8 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 $0.56. The six earnings estimates compiled by S&P Capital IQ forecast $0.58 per share. GAAP EPS of $0.56 for Q1 were 24% higher than the prior-year quarter's $0.45 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 97.2%, 10 basis points worse than the prior-year quarter. Operating margin was 58.4%, 400 basis points better than the prior-year quarter. Net margin was 23.1%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $51.4 million. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $209.7 million. The average EPS estimate is $2.55.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 69 members rating the stock outperform and one members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give SeaCube Container Leasing a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SeaCube Container Leasing is outperform, with an average price target of $20.
Over the decades, small-cap stocks like SeaCube Container Leasing have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: 2 Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add SeaCube Container Leasing to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.