The 10-second takeaway
For the quarter ended March 31 (Q1), Quality Distribution beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins improved across the board.
Quality Distribution logged revenue of $191.9 million. The 10 analysts polled by S&P Capital IQ anticipated a top line of $189.1 million on the same basis. GAAP reported sales were 7.9% higher than the prior-year quarter's $177.9 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 $0.17. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.15 per share. GAAP EPS of $0.26 for Q1 were 117% 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 23.7%, 920 basis points better than the prior-year quarter. Operating margin was 7.2%, 50 basis points better than the prior-year quarter. Net margin was 3.5%, 200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $212.6 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $815.3 million. The average EPS estimate is $0.91.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 65 members out of 68 rating the stock outperform, and three members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Quality Distribution a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quality Distribution is outperform, with an average price target of $16.60.
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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.