Vitran Corp Whiffs on Revenues

Just the facts, Fool.

Seth Jayson
Seth Jayson
Feb 20, 2013 at 12:00AM
Other

Vitran Corp (Nasdaq: VTNC) reported earnings on Feb. 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vitran Corp whiffed on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP loss per share grew. GAAP loss per share expanded.

Margins dropped across the board.

Revenue details
Vitran Corp reported revenue of $164.3 million. The four analysts polled by S&P Capital IQ hoped for a top line of $204.5 million on the same basis. GAAP reported sales were 20% lower than the prior-year quarter's $205.2 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 -$0.67. The five earnings estimates compiled by S&P Capital IQ forecast -$0.37 per share. Non-GAAP EPS were -$0.67 for Q4 compared to -$0.14 per share for the prior-year quarter. GAAP EPS were -$0.97 for Q4 against -$0.50 per share for the prior-year quarter.

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 -7.7%, 1,660 basis points worse than the prior-year quarter. Operating margin was -10.1%, 770 basis points worse than the prior-year quarter. Net margin was -9.7%, 580 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $211.0 million. On the bottom line, the average EPS estimate is -$0.27.

Next year's average estimate for revenue is $852.3 million. The average EPS estimate is $0.19.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 22 members out of 34 rating the stock outperform, and 12 members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give Vitran Corp 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 Vitran Corp is outperform, with an average price target of $9.80.

Looking for alternatives to Vitran Corp? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.