Echo Global Logistics Beats on Revenue, Matches Expectations on EPS
Echo Global Logistics (NAS: ECHO) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Echo Global Logistics beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share didn't move. GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins expanded, net margins were steady.
Echo Global Logistics tallied revenue of $224.1 million. The nine analysts polled by S&P Capital IQ expected to see a top line of $218.9 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $185.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.17. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.17 per share. Non-GAAP EPS of $0.17 were the same as the prior-year quarter. GAAP EPS of $0.18 for Q2 were 20% higher than the prior-year quarter's $0.15 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 17.7%, 110 basis points worse than the prior-year quarter. Operating margin was 3.0%, 10 basis points better than the prior-year quarter. Net margin was 1.8%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $239.0 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $919.4 million. The average EPS estimate is $0.79.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 51 members out of 62 rating the stock outperform, and 11 members rating it underperform. Among 22 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Echo Global Logistics a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Echo Global Logistics is outperform, with an average price target of $22.40.
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The article Echo Global Logistics Beats on Revenue, Matches Expectations 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. The Motley Fool has no position in any of the stocks mentioned. 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.