Patriot Transportation Holding Misses Where it Counts

Seth Jayson, The Motley Fool
Updated

Patriot Transportation Holding (NAS: PATR) reported earnings on Dec. 5. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q4), Patriot Transportation Holding beat slightly on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.


Margins dropped across the board.

Revenue details
 Patriot Transportation Holding reported revenue of $32.8 million. The two analysts polled by S&P Capital IQ expected sales of $32.2 million on the same basis. GAAP reported sales were 4.8% higher than the prior-year quarter's $31.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.13. The two earnings estimates compiled by S&P Capital IQ anticipated $0.28 per share. GAAP EPS of $0.14 for Q4 were 26% lower than the prior-year quarter's $0.19 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 7.8%, 400 basis points worse than the prior-year quarter. Operating margin was 7.8%, 390 basis points worse than the prior-year quarter. Net margin was 4.1%, 150 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $31.8 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $132.2 million. The average EPS estimate is $0.99.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with seven members out of 26 rating the stock outperform, and 19 members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), one give Patriot Transportation Holding a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Patriot Transportation Holding is hold, with an average price target of $30.00.

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The article Patriot Transportation Holding Misses Where it Counts 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.

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