The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Wabash National missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded significantly.
Margins grew across the board.
Wabash National reported revenue of $405.9 million. The six analysts polled by S&P Capital IQ wanted to see a top line of $432.1 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $336.4 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 $0.30. The six earnings estimates compiled by S&P Capital IQ predicted $0.30 per share. GAAP EPS of $0.27 for Q3 were much higher than the prior-year quarter's $0.02 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 12.3%, 830 basis points better than the prior-year quarter. Operating margin was 6.8%, 610 basis points better than the prior-year quarter. Net margin was 4.5%, 420 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $446.3 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $1.52 billion. The average EPS estimate is $0.96.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 91 members out of 146 rating the stock outperform, and 55 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Wabash National a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wabash National is buy, with an average price target of $12.67.
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