The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Saia met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins expanded across the board.
Saia logged revenue of $264.4 million. The seven analysts polled by S&P Capital IQ predicted revenue of $262.1 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $253.0 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 $0.33. The eight earnings estimates compiled by S&P Capital IQ predicted $0.32 per share. GAAP EPS of $0.33 for Q4 were 120% higher than the prior-year quarter's $0.15 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 11.9%, 170 basis points better than the prior-year quarter. Operating margin was 3.8%, 140 basis points better than the prior-year quarter. Net margin was 2.0%, 100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $273.5 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $2.27.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 103 members out of 114 rating the stock outperform, and 11 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Saia 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 Saia is outperform, with an average price target of $29.57.
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