The 10-second takeaway
For the quarter ended March 31 (Q1), Kirby beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. Non-GAAP earnings per share grew. GAAP earnings per share expanded.
Margins grew across the board.
Kirby notched revenue of $558.8 million. The 10 analysts polled by S&P Capital IQ hoped for a top line of $531.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
EPS came in at $1.05. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.91 per share. Non-GAAP EPS of $1.05 for Q1 were 6.1% higher than the prior-year quarter's $0.99 per share. GAAP EPS of $1.00 for Q1 were 9.9% higher than the prior-year quarter's $0.91 per share.
For the quarter, gross margin was 33.9%, 170 basis points better than the prior-year quarter. Operating margin was 17.9%, 100 basis points better than the prior-year quarter. Net margin was 10.1%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $555.7 million. On the bottom line, the average EPS estimate is $1.05.
Next year's average estimate for revenue is $2.23 billion. The average EPS estimate is $4.22.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 183 members out of 192 rating the stock outperform, and nine members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Kirby 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 Kirby is outperform, with an average price target of $79.64.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.