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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