Universal Truckload Services (Nasdaq: UACL) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 29 (Q2), Universal Truckload Services met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share increased significantly.

Margins increased across the board.

Revenue details
Universal Truckload Services logged revenue of $264.2 million. The four analysts polled by S&P Capital IQ anticipated a top line of $267.0 million on the same basis. GAAP reported sales were 43% higher than the prior-year quarter's $185.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at $0.47. The four earnings estimates compiled by S&P Capital IQ averaged $0.41 per share. GAAP EPS of $0.47 for Q2 were 47% higher than the prior-year quarter's $0.32 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 29.1%, 570 basis points better than the prior-year quarter. Operating margin was 8.9%, 480 basis points better than the prior-year quarter. Net margin was 5.4%, 270 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $264.1 million. On the bottom line, the average EPS estimate is $0.45.

Next year's average estimate for revenue is $1.06 billion. The average EPS estimate is $1.78.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Truckload Services is outperform, with an average price target of $31.67.

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