The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kirby beat slightly on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share.
Margins expanded across the board.
Kirby reported revenue of $512.6 million. The 10 analysts polled by S&P Capital IQ predicted sales of $504.4 million on the same basis. GAAP reported sales were 6.8% lower than the prior-year quarter's $550.1 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 $1.12. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.86 per share. GAAP EPS of $1.03 for Q4 were 3.0% higher than the prior-year quarter's $1.00 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 34.8%, 200 basis points better than the prior-year quarter. Operating margin was 19.4%, 310 basis points better than the prior-year quarter. Net margin was 11.3%, 110 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $540.0 million. On the bottom line, the average EPS estimate is $0.96.
Next year's average estimate for revenue is $2.26 billion. The average EPS estimate is $4.13.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 181 members out of 191 rating the stock outperform, and 10 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Kirby 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 Kirby is outperform, with an average price target of $65.69.
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