Werner Enterprises (Nasdaq: WERN) reported earnings on Oct. 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Werner Enterprises missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Revenue details
Werner Enterprises notched revenue of $506.5 million. The 17 analysts polled by S&P Capital IQ expected revenue of $522.8 million on the same basis. GAAP reported sales were 0.6% lower than the prior-year quarter's $509.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.34. The 24 earnings estimates compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS of $0.34 for Q3 were 15% lower than the prior-year quarter's $0.40 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 23.2%, 140 basis points worse than the prior-year quarter. Operating margin was 7.2%, 140 basis points worse than the prior-year quarter. Net margin was 5.0%, 80 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $510.2 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $2.04 billion. The average EPS estimate is $1.40.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 55 members out of 79 rating the stock outperform, and 24 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Werner Enterprises 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 Werner Enterprises is hold, with an average price target of $25.79.
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