Swift Transportation Increases Sales but Misses Revenue Estimate
Swift Transportation (NYS: SWFT) reported earnings on Oct. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Swift Transportation missed slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share dropped.
Margins shrank across the board.
Swift Transportation notched revenue of $871.1 million. The 17 analysts polled by S&P Capital IQ expected to see net sales of $886.4 million on the same basis. GAAP reported sales were 0.8% higher than the prior-year quarter's $863.8 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 $0.20. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.20 per share. GAAP EPS of $0.20 for Q3 were 9.1% lower than the prior-year quarter's $0.22 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 18.6%, 220 basis points worse than the prior-year quarter. Operating margin was 7.8%, 220 basis points worse than the prior-year quarter. Net margin was 3.2%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $891.2 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $3.48 billion. The average EPS estimate is $0.78.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 29 members out of 30 rating the stock outperform, and one members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give Swift Transportation a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Swift Transportation is outperform, with an average price target of $12.00.
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The article Swift Transportation Increases Sales but Misses Revenue Estimate 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. The Motley Fool has no positions in the stocks mentioned above. 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.