The 10-second takeaway
For the quarter ended March 31 (Q1), Pacer International whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. GAAP earnings per share increased.
Margins grew across the board.
Pacer International reported revenue of $232.7 million. The seven analysts polled by S&P Capital IQ wanted to see revenue of $315.4 million on the same basis. GAAP reported sales were 33% lower than the prior-year quarter's $345.9 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 $0.04. The nine earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS were $0.04 for Q1 compared to -$0.01 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 13.7%, 450 basis points better than the prior-year quarter. Operating margin was 1.0%, 100 basis points better than the prior-year quarter. Net margin was 0.6%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $258.1 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $0.30.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 334 members out of 360 rating the stock outperform, and 26 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Pacer International a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pacer International is outperform, with an average price target of $5.57.
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