SeaCube Container Leasing
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), SeaCube Container Leasing missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share shrank. GAAP earnings per share dropped.
Gross margins were steady, operating margins increased, net margins contracted.
SeaCube Container Leasing reported revenue of $51.0 million. The three analysts polled by S&P Capital IQ expected net sales of $53.7 million on the same basis. GAAP reported sales were 9.2% higher than the prior-year quarter's $46.7 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 $0.63. The four earnings estimates compiled by S&P Capital IQ predicted $0.70 per share. Non-GAAP EPS of $0.63 for Q4 were 4.5% lower than the prior-year quarter's $0.66 per share. GAAP EPS of $0.58 for Q4 were 3.3% lower than the prior-year quarter's $0.60 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 96.5%, about the same as the prior-year quarter. Operating margin was 56.9%, 30 basis points better than the prior-year quarter. Net margin was 23.3%, 300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $53.2 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $225.9 million. The average EPS estimate is $2.80.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 69 members out of 70 rating the stock outperform, and one members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give SeaCube Container Leasing a green thumbs-up, and 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 $21.40.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.