The 10-second takeaway
For the quarter ended June 30 (Q2), Saia met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. GAAP earnings per share increased.
Margins grew across the board.
Saia logged revenue of $292.6 million. The seven analysts polled by S&P Capital IQ expected sales of $293.4 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 $0.54. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.54 per share. GAAP EPS of $0.54 for Q2 were 13% higher than the prior-year quarter's $0.48 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 15.3%, 40 basis points better than the prior-year quarter. Operating margin was 8.0%, 60 basis points better than the prior-year quarter. Net margin was 4.6%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $294.6 million. On the bottom line, the average EPS estimate is $0.53.
Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $1.81.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 110 members out of 122 rating the stock outperform, and 12 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Saia a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Saia is outperform, with an average price target of $30.44.
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