The 10-second takeaway
For the quarter ended June 30 (Q2), Marten Transport missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share was unchanged.
Gross margins grew, operating margins contracted, net margins shrank.
Marten Transport logged revenue of $161.4 million. The five analysts polled by S&P Capital IQ predicted sales of $167.6 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 $0.23. The seven earnings estimates compiled by S&P Capital IQ forecast $0.24 per share. GAAP EPS of $0.23 were the same as 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 25.0%, 120 basis points better than the prior-year quarter. Operating margin was 7.4%, 30 basis points worse than the prior-year quarter. Net margin was 4.7%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $168.2 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $663.3 million. The average EPS estimate is $0.94.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 47 members out of 57 rating the stock outperform, and 10 members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Marten Transport a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Marten Transport is outperform, with an average price target of $15.88.
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