Swift Transportation (NYSE: SWFT ) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Swift Transportation met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share grew significantly.
Margins expanded across the board.
Swift Transportation recorded revenue of $898.1 million. The 15 analysts polled by S&P Capital IQ wanted to see revenue of $906.5 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 $0.30. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.27 per share. GAAP EPS of $0.30 for Q2 were 25% higher than the prior-year quarter's $0.24 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 21.1%, 50 basis points better than the prior-year quarter. Operating margin was 9.8%, 30 basis points better than the prior-year quarter. Net margin was 4.8%, 90 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $930.3 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $3.67 billion. The average EPS estimate is $1.10.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 33 members out of 34 rating the stock outperform, and one members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Swift Transportation a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Swift Transportation is outperform, with an average price target of $18.41.
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