DCT Industrial Trust
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), DCT Industrial Trust met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded to zero.
Gross margins were steady, operating margins expanded, net margins improved.
DCT Industrial Trust chalked up revenue of $66.1 million. The nine analysts polled by S&P Capital IQ expected revenue of $66.4 million on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $60.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.02. The four earnings estimates compiled by S&P Capital IQ predicted -$0.03 per share on the same basis. GAAP EPS dropped to zero from the prior-year quarter's -$0.05.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 73.5%, about the same as the prior-year quarter. Operating margin was 18.3%, 620 basis points better than the prior-year quarter. Net margin was -0.2%, 1,830 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $66.5 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $269.2 million. The average EPS estimate is -$0.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 118 members out of 133 rating the stock outperform, and 15 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give DCT Industrial Trust 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 DCT Industrial Trust is hold, with an average price target of $5.43.
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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.