Vitran Corp Increases Sales but Misses Estimates on Earnings
Vitran Corp (NAS: VTNC) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Vitran Corp met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP loss per share expanded.
Margins dropped across the board.
Vitran Corp logged revenue of $207.7 million. The six analysts polled by S&P Capital IQ hoped for revenue of $207.5 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $185.4 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 -$0.22. The seven earnings estimates compiled by S&P Capital IQ forecast -$0.13 per share. GAAP EPS were -$0.36 for Q1 compared to -$0.01 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 8.1%, 330 basis points worse than the prior-year quarter. Operating margin was -2.0%, 280 basis points worse than the prior-year quarter. Net margin was -2.8%, 270 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $227.1 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $883.6 million. The average EPS estimate is $0.15.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 19 members out of 36 rating the stock outperform, and 17 members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Vitran Corp a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vitran Corp is outperform, with an average price target of $10.75.
- Add Vitran Corp 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.