The 10-second takeaway
For the quarter ended March 31 (Q1), Swift Transportation met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew significantly.
Gross margins contracted, operating margins expanded, net margins grew.
Swift Transportation reported revenue of $856.8 million. The 14 analysts polled by S&P Capital IQ looked for net sales of $867.4 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 $0.17. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.15 per share. GAAP EPS of $0.17 for Q1 were 325% higher than the prior-year quarter's $0.04 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 18.4%, 40 basis points worse than the prior-year quarter. Operating margin was 7.0%, 40 basis points better than the prior-year quarter. Net margin was 2.7%, 200 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $913.2 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $3.68 billion. The average EPS estimate is $1.09.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 33 members out of 34 rating the stock outperform, and one members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give Swift Transportation 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 Swift Transportation is outperform, with an average price target of $16.09.
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