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Heartland Express's Earnings Beat Last Year's by 21%

By Seth Jayson - Updated Apr 10, 2017 at 1:52PM

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Just the facts, Fool.

Heartland Express (Nasdaq: HTLD) reported earnings on April 16. Here are the numbers you need to know.

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.

Revenue details
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 details
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.

Margin details
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.)

Looking ahead
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.

Investor sentiment
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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Stocks Mentioned

Heartland Express, Inc. Stock Quote
Heartland Express, Inc.
HTLD
$13.60 (1.64%) $0.22

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