Textainer Group Holdings (NYSE: TGH ) reported earnings on March 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Textainer Group Holdings beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved significantly.
Margins shrank across the board.
Textainer Group Holdings tallied revenue of $116.4 million. The nine analysts polled by S&P Capital IQ foresaw revenue of $110.2 million on the same basis. GAAP reported sales were 39% higher than the prior-year quarter's $84.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.06. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.99 per share on the same basis. GAAP EPS of $1.10 for Q4 were 36% higher than the prior-year quarter's $0.81 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 84.7%, 910 basis points worse than the prior-year quarter. Operating margin was 57.5%, 360 basis points worse than the prior-year quarter. Net margin was 47.2%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $110.8 million. On the bottom line, the average EPS estimate is $0.93.
Next year's average estimate for revenue is $457.3 million. The average EPS estimate is $3.84.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 172 members out of 177 rating the stock outperform, and five members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Textainer Group Holdings a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Textainer Group Holdings is outperform, with an average price target of $33.43.
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