Pacer International Inc. (NASDAQ:PACR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Pacer International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.04 in the quarter versus EPS of $-0.01 in the year-earlier quarter.
Revenue: Decreased 32.73% to $232.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pacer International Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $0.02. It missed the average revenue estimate of $319 million.
Quoting Management: “Results from operations improved versus 2012 in both the intermodal and logistics segments. Our 20% improvement in intermodal operating income reflects our focus on profitable network growth, holding the line on both operating and SG&A costs, and successfully operationalizing our new cross-border agreement with Union Pacific,” said Daniel W. Avramovich, Chairman and Chief Executive Officer.
Key Stats (on next page)…
Revenue decreased 33.87% from $351.9 million in the previous quarter. EPS decreased 33.33% from $0.06 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.06 and has not changed. For the current year, the average estimate has moved up from a profit of $0.26 to a profit of $0.28 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)