The 10-second takeaway
For the quarter ended March 31 (Q1), Con-way met expectations on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins improved across the board.
Con-way reported revenue of $1.37 billion. The 14 analysts polled by S&P Capital IQ expected sales of $1.35 billion on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $1.25 billion.
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 $0.45. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. GAAP EPS of $0.46 for Q1 were 283% 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 17.9%, 40 basis points better than the prior-year quarter. Operating margin was 4.1%, 120 basis points better than the prior-year quarter. Net margin was 1.9%, 130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.45 billion. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $5.70 billion. The average EPS estimate is $2.23.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 90 members out of 113 rating the stock outperform, and 23 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Con-way a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Con-way is outperform, with an average price target of $35.53.
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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. He is the 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 don't 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.