Amerco (NASDAQ:UHAL) swung to a profit in the fourth quarter and beat Wall Street’s expectations in the process. The company is North America’s ‘do-it-yourself’ moving and storage operator through its subsidiary U-Haul International, Inc.
Amerco Earnings Cheat Sheet for the Fourth Quarter
Results: Swung to a profit of $13.2 million (52 cents/diluted share) in the quarter. Amerco had a net loss of $5 million or a loss 43 cents per share in the year earlier quarter.
Revenue: Rose 10% to $488.4 million YoY.
Actual vs. Wall St. Expectations: UHAL beat the mean analyst estimate of a loss of 77 cents/share.
Quoting Management: “We are pleased with our operating results for fiscal 2011,” according to Joe Shoen, chairman of AMERCO. “Throughout the year we made significant progress towards our goals of improving customer service and have continued to make the delivery of our products and services more efficient.”
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), Dollar Thrifty (NYSE:DTG), Penske (NYSE:PAG), Priceline.com (NASDAQ:PCLN), Patriot Transportation Holding, Inc. (NASDAQ:PATR).
Stock Performance: Shares of UHAL are up 8% today.
(Sources: YahooFinance, Xignite Financials)