The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vitran Corp whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP loss per share grew. GAAP loss per share expanded.
Margins dropped across the board.
Vitran Corp reported revenue of $164.3 million. The four analysts polled by S&P Capital IQ hoped for a top line of $204.5 million on the same basis. GAAP reported sales were 20% lower than the prior-year quarter's $205.2 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 -$0.67. The five earnings estimates compiled by S&P Capital IQ forecast -$0.37 per share. Non-GAAP EPS were -$0.67 for Q4 compared to -$0.14 per share for the prior-year quarter. GAAP EPS were -$0.97 for Q4 against -$0.50 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was -7.7%, 1,660 basis points worse than the prior-year quarter. Operating margin was -10.1%, 770 basis points worse than the prior-year quarter. Net margin was -9.7%, 580 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $211.0 million. On the bottom line, the average EPS estimate is -$0.27.
Next year's average estimate for revenue is $852.3 million. The average EPS estimate is $0.19.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 22 members out of 34 rating the stock outperform, and 12 members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give Vitran Corp 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 Vitran Corp is outperform, with an average price target of $9.80.
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