Roadrunner Transportation Systems
The 10-second takeaway
For the quarter ended June 30 (Q2), Roadrunner Transportation Systems met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Roadrunner Transportation Systems notched revenue of $331.9 million. The six analysts polled by S&P Capital IQ anticipated revenue of $330.6 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $262.5 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 came in at $0.38. The seven earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. Non-GAAP EPS of $0.38 for Q2 were 19% higher than the prior-year quarter's $0.32 per share. GAAP EPS of $0.37 for Q2 were 16% 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.
For the quarter, gross margin was 20.3%, 210 basis points better than the prior-year quarter. Operating margin was 7.4%, 30 basis points better than the prior-year quarter. Net margin was 4.2%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $350.3 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $1.32 billion. The average EPS estimate is $1.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 33 members out of 33 rating the stock outperform, and members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give Roadrunner Transportation Systems a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Roadrunner Transportation Systems is buy, with an average price target of $29.25.
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