Saia (Nasdaq: SAIA) reported earnings on Aug. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Saia met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved significantly.
Margins expanded across the board.
Revenue details
Saia reported revenue of $287.5 million. The five analysts polled by S&P Capital IQ looked for a top line of $286.2 million on the same basis. GAAP reported sales were 8.1% higher than the prior-year quarter's $265.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.72. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.51 per share. GAAP EPS of $0.72 for Q2 were 243% higher than the prior-year quarter's $0.21 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 14.9%, 490 basis points better than the prior-year quarter. Operating margin was 7.4%, 430 basis points better than the prior-year quarter. Net margin was 4.1%, 280 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $279.6 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $1.10 billion. The average EPS estimate is $1.96.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 110 members out of 122 rating the stock outperform, and 12 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Saia a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Saia is outperform, with an average price target of $26.80.
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