The 10-second takeaway
For the quarter ended March 31 (Q1), Vitran Corp met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP loss per share expanded.
Margins dropped across the board.
Vitran Corp logged revenue of $207.7 million. The six analysts polled by S&P Capital IQ hoped for revenue of $207.5 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $185.4 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 -$0.22. The seven earnings estimates compiled by S&P Capital IQ forecast -$0.13 per share. GAAP EPS were -$0.36 for Q1 compared to -$0.01 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 8.1%, 330 basis points worse than the prior-year quarter. Operating margin was -2.0%, 280 basis points worse than the prior-year quarter. Net margin was -2.8%, 270 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $227.1 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $883.6 million. The average EPS estimate is $0.15.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 19 members out of 36 rating the stock outperform, and 17 members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Vitran Corp a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vitran Corp is outperform, with an average price target of $10.75.
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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.