Celadon Group Earnings: Everything You Must Know Now

Celadon Group Inc. (NYSE:CGI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Celadon Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 20.51% to $0.31 in the quarter versus EPS of $0.39 in the year-earlier quarter.

Revenue: Rose 3.25% to $162.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Celadon Group Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.30. It beat the average revenue estimate of $159.32 million.

Quoting Management: Paul Will, President and Chief Executive Officer, commented: “We are pleased with our overall improvement in our operating statistics. The increase in average seated tractor count of 146, or 5.6%, to 2,770 in the June 2013 quarter compared with 2,624 in the March 2013 quarter was a significant operating metric improvement that resulted in increased revenue for the quarter. This increase was a result of expanding our recruiting efforts at terminal locations, having established a driving school and training program at our Indianapolis headquarters as well as the previously announced Hyndman acquisition which was completed in May 2013. Our average revenue per tractor per week increased $43, or 1.5%, to $2,941 in the June 2013 quarter, from $2,898 in the March 2013 quarter. In addition, our average revenue per loaded mile increased to $1.59 per mile in the June 2013 quarter from $1.55 in the June 2012 quarter.”

Key Stats (on next page)…

Revenue increased 8.66% from $149.64 million in the previous quarter. EPS increased 63.16% from $0.19 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.40 to a profit $0.36. For the current year, the average estimate has moved down from a profit of $1.21 to a profit of $1.17 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)