The 10-second takeaway
For the quarter ended April 30 (Q1), UTi Worldwide missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew significantly.
Margins improved across the board.
UTi Worldwide recorded revenue of $1.15 billion. The 10 analysts polled by S&P Capital IQ wanted to see a top line of $1.24 billion on the same basis. GAAP reported sales were 4.2% lower than the prior-year quarter's $1.20 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 $0.12. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.16 per share. GAAP EPS of $0.12 for Q1 were 50% higher than the prior-year quarter's $0.08 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 15.2%, 40 basis points better than the prior-year quarter. Operating margin was 2.1%, 10 basis points better than the prior-year quarter. Net margin was 1.1%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.30 billion. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $5.07 billion. The average EPS estimate is $0.93.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 96 members out of 105 rating the stock outperform, and nine members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give UTi Worldwide 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 UTi Worldwide is outperform, with an average price target of $19.38.
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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.