The 10-second takeaway
For the quarter ended June 30 (Q2), Kirby missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded.
Margins shrank across the board.
Kirby chalked up revenue of $511.8 million. The 11 analysts polled by S&P Capital IQ predicted sales of $520.2 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $437.3 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 $0.85. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.82 per share. GAAP EPS of $0.85 for Q2 were 10% higher than the prior-year quarter's $0.77 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 32.4%, 20 basis points worse than the prior-year quarter. Operating margin was 16.3%, 10 basis points worse than the prior-year quarter. Net margin was 9.3%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $535.7 million. On the bottom line, the average EPS estimate is $0.89.
Next year's average estimate for revenue is $2.15 billion. The average EPS estimate is $3.57.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 183 members out of 193 rating the stock outperform, and 10 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Kirby a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kirby is outperform, with an average price target of $61.29.
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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.