Marten Transport Misses on Revenues but Beats on EPS
Marten Transport (NAS: MRTN) reported earnings on July 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Marten Transport missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved significantly.
Margins expanded across the board.
Marten Transport recorded revenue of $157.0 million. The six analysts polled by S&P Capital IQ expected a top line of $162.7 million on the same basis. GAAP reported sales were 3.9% higher than the prior-year quarter's $151.1 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 $0.34. The seven earnings estimates compiled by S&P Capital IQ averaged $0.33 per share. GAAP EPS of $0.34 for Q2 were 21% higher than the prior-year quarter's $0.28 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 24.5%, 200 basis points better than the prior-year quarter. Operating margin was 7.7%, 80 basis points better than the prior-year quarter. Net margin was 4.8%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $167.9 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $650.0 million. The average EPS estimate is $1.31.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 37 members out of 48 rating the stock outperform, and 11 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Marten Transport a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Marten Transport is outperform, with an average price target of $23.67.
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The article Marten Transport Misses on Revenues but Beats on EPS originally appeared on Fool.com.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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