The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Standard Parking whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share shrank to a loss.
Margins contracted across the board.
Standard Parking reported revenue of $196.7 million. The three analysts polled by S&P Capital IQ predicted revenue of $222.0 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $79.8 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 $0.26. The five earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. Non-GAAP EPS of $0.26 for Q4 were 19% lower than the prior-year quarter's $0.32 per share. GAAP EPS were -$0.22 for Q4 compared to $0.23 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 6.0%, much worse than the prior-year quarter. Operating margin was -2.8%, much worse than the prior-year quarter. Net margin was -0.7%, 520 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $226.8 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $908.9 million. The average EPS estimate is $1.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 17 members out of 17 rating the stock outperform, and members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give Standard Parking 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 Standard Parking is outperform, with an average price target of $27.00.
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