TravelCenters of America
The 10-second takeaway
For the quarter ended March 31 (Q1), TravelCenters of America missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. GAAP loss per share dropped.
Margins expanded across the board.
TravelCenters of America reported revenue of $1.96 billion. The three analysts polled by S&P Capital IQ expected revenue of $2.04 billion 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 -$0.41. The three earnings estimates compiled by S&P Capital IQ predicted -$0.43 per share. GAAP EPS were -$0.41 for Q1 versus -$0.49 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 4.1%, 40 basis points better than the prior-year quarter. Operating margin was -0.4%, 20 basis points better than the prior-year quarter. Net margin was -0.6%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.15 billion. On the bottom line, the average EPS estimate is $1.06.
Next year's average estimate for revenue is $8.32 billion. The average EPS estimate is $1.22.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 101 members out of 116 rating the stock outperform, and 15 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give TravelCenters of America a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TravelCenters of America is outperform, with an average price target of $11.83.
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