The 10-second takeaway
For the quarter ended March 31 (Q1), Werner Enterprises met expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share increased significantly.
Margins improved across the board.
Werner Enterprises tallied revenue of $498.4 million. The 17 analysts polled by S&P Capital IQ expected sales of $495.0 million on the same basis. GAAP reported sales were 6.2% higher than the prior-year quarter's $469.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.29. The 22 earnings estimates compiled by S&P Capital IQ anticipated $0.29 per share. GAAP EPS of $0.29 for Q1 were 32% higher than the prior-year quarter's $0.22 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 23.2%, 80 basis points better than the prior-year quarter. Operating margin was 6.2%, 140 basis points better than the prior-year quarter. Net margin was 4.3%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $537.9 million. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $2.13 billion. The average EPS estimate is $1.62.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 53 members out of 77 rating the stock outperform, and 24 members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Werner Enterprises a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Werner Enterprises is outperform, with an average price target of $28.89.
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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.