The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Standard Parking missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped significantly.
Gross margins were steady, operating margins contracted, net margins shrank.
Standard Parking reported revenue of $79.8 million. The five analysts polled by S&P Capital IQ anticipated revenue of $82.7 million on the same basis. GAAP reported sales were 1.8% lower than the prior-year quarter's $184.0 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 $0.32. The five earnings estimates compiled by S&P Capital IQ averaged $0.30 per share on the same basis. GAAP EPS of $0.23 for Q4 were 21% lower than the prior-year quarter's $0.29 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 12.3%, about the same as the prior-year quarter. Operating margin was 3.2%, 160 basis points worse than the prior-year quarter. Net margin was 2.0%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $84.4 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $342.2 million. The average EPS estimate is $1.32.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Parking is outperform, with an average price target of $20.75.
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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.