SeaCube Container Leasing
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), SeaCube Container Leasing missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins increased across the board.
Revenue details
SeaCube Container Leasing booked revenue of $49.5 million. The five analysts polled by S&P Capital IQ hoped for sales of $51.9 million on the same basis. GAAP reported sales were 9.4% higher than the prior-year quarter's $45.2 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 $0.56. The six earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. GAAP EPS of $0.56 for Q3 were 30% higher than the prior-year quarter's $0.43 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 97.4%, 200 basis points better than the prior-year quarter. Operating margin was 59.9%, 520 basis points better than the prior-year quarter. Net margin was 23.1%, 370 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $53.8 million. On the bottom line, the average EPS estimate is $0.70.
Next year's average estimate for revenue is $204.1 million. The average EPS estimate is $2.66.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 75 members out of 76 rating the stock outperform, and one members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give SeaCube Container Leasing a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SeaCube Container Leasing is outperform, with an average price target of $21.20.
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