Patriot Transportation Holding
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Patriot Transportation Holding crushed expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Patriot Transportation Holding logged revenue of $30.4 million. The two analysts polled by S&P Capital IQ anticipated revenue of $24.7 million. Sales were 7.4% higher than the prior-year quarter's $28.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.23. The one earnings estimate compiled by S&P Capital IQ predicted $0.17 per share. GAAP EPS of $0.23 for Q1 were 66% lower than the prior-year quarter's $0.68 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 11.5%, 190 basis points worse than the prior-year quarter. Operating margin was 10.6%, 70 basis points worse than the prior-year quarter. Net margin was 7.0%, 1,560 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $24.3 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $102.7 million. The average EPS estimate is $0.85.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with seven members out of 30 rating the stock outperform, and 23 members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give Patriot Transportation Holding a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Patriot Transportation Holding is hold, with an average price target of $30.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.