SeaCube Container Leasing
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), SeaCube Container Leasing missed slightly on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded.
Margins shrank across the board.
SeaCube Container Leasing logged revenue of $46.7 million. The five analysts polled by S&P Capital IQ expected to see revenue of $47.4 million on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $35.9 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 $0.66. The six earnings estimates compiled by S&P Capital IQ forecast $0.57 per share on the same basis. GAAP EPS of $0.61 for Q4 were 13% higher than the prior-year quarter's $0.54 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 96.5%, 230 basis points worse than the prior-year quarter. Operating margin was 58.6%, 30 basis points worse than the prior-year quarter. Net margin was 26.3%, 230 basis points worse than the prior-year quarter.
On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $198.7 million. The average EPS estimate is $2.31.
The stock has a five-star rating (out of five) at Motley Fool CAPS. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all of them give SeaCube Container Leasing a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SeaCube Container Leasing is outperform, with an average price target of $18.40.
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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.