The 10-second takeaway
For the quarter ended March 31 (Q3), Celadon Group met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. GAAP earnings per share dropped significantly.
Gross margins increased, operating margins contracted, net margins shrank.
Celadon Group recorded revenue of $149.6 million. The nine analysts polled by S&P Capital IQ wanted to see net sales of $151.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.19. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.26 per share. GAAP EPS of $0.19 for Q3 were 24% lower than the prior-year quarter's $0.25 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 19.9%, 40 basis points better than the prior-year quarter. Operating margin was 5.4%, 150 basis points worse than the prior-year quarter. Net margin was 2.9%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $160.6 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $613.1 million. The average EPS estimate is $1.34.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 134 members out of 152 rating the stock outperform, and 18 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Celadon Group a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Celadon Group is outperform, with an average price target of $23.05.
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