Amerco Earnings Cheat Sheet: Profit Up

Amerco (NASDAQ:UHAL) reported net income above Wall Street’s expectations for the second quarter. Amerco is North America’s do-it-yourself moving and storage operator through its subsidiary U-Haul.

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Amerco Earnings Cheat Sheet for the Second Quarter

Results: Net income for Amerco rose to $101 million ($5.20 per share) vs. $85.2 million ($4.22 per share) in the same quarter a year earlier. This marks a rise of 18.5% from the year earlier quarter.

Revenue: Rose 10.4% to $703.2 million from the year earlier quarter.

Actual vs. Wall St. Expectations: UHAL beat the mean analyst estimate of $4.53 per share. It beat the average revenue estimate of $654 million.

Quoting Management: “We are pleased to report continued revenue and earnings growth,” stated Joe Shoen, chairman of AMERCO. “Efforts to optimize the asset mix within our business have yielded excellent results. Our goal now is to continue our effectiveness through the traditionally slower fall and winter quarters,” concluded Shoen.

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 17 cents in the first quarter, by $1 in the fourth quarter of the last fiscal year, and by 50 cents in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 9.7% to $643 million in the first quarter. The figure rose 10% in the fourth quarter of the last fiscal year from the year earlier and climbed 14.3% in the third quarter of the last fiscal year from the year-ago quarter.

Looking Forward: For next quarter, analysts have a more positive outlook about the company’s expected results. The average estimate for the third quarter is $1 per share, up from 98 cents ninety days ago. Over the past three months, the average estimate for the fiscal year has climbed from $9.47 per to share to $9.62.

Competitors to Watch: Avis Budget Group Inc. (NYSE:CAR), Zipcar Inc (NASDAQ:ZIP), Ryder System, Inc. (NYSE:R), Express-1 Expedited Solutions Inc. (AMEX:XPO), Hertz Global Hldgs., Inc. (NYSE:HTZ), Landstar System, Inc. (NASDAQ:LSTR) and Patriot Transportation Holding, Inc. (NASDAQ:PATR).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)

 

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