The 10-second takeaway
For the quarter ended March 31 (Q1), Heartland Express missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. GAAP earnings per share increased significantly.
Gross margins grew, operating margins contracted, net margins grew.
Heartland Express logged revenue of $134.3 million. The 13 analysts polled by S&P Capital IQ hoped for sales of $137.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.23. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.19 per share. GAAP EPS of $0.23 for Q1 were 21% higher than the prior-year quarter's $0.19 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 32.2%, 100 basis points better than the prior-year quarter. Operating margin was 14.2%, 30 basis points worse than the prior-year quarter. Net margin was 14.7%, 240 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $143.2 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $560.7 million. The average EPS estimate is $0.80.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 82 members out of 90 rating the stock outperform, and eight members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Heartland Express 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 Heartland Express is hold, with an average price target of $14.23.
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