Echo Global Logistics
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Echo Global Logistics beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share grew significantly.
Margins shrank across the board.
Echo Global Logistics reported revenue of $162.9 million. The seven analysts polled by S&P Capital IQ predicted sales of $159.9 million on the same basis. GAAP reported sales were 43% higher than the prior-year quarter's $113.8 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 $0.16. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.15 per share on the same basis. GAAP EPS of $0.15 for Q4 were 25% higher than the prior-year quarter's $0.12 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 19.5%, 40 basis points worse than the prior-year quarter. Operating margin was 3.2%, 40 basis points worse than the prior-year quarter. Net margin was 2.2%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $172.0 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $764.2 million. The average EPS estimate is $0.72.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 34 members rating the stock outperform and 10 members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give Echo Global Logistics a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Echo Global Logistics is outperform, with an average price target of $18.80.
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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.