Pacer International Earnings: Here’s Why Investors are Excited Now

Pacer International Inc. (NASDAQ:PACR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 5.18%.

Pacer International Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 25% to $0.05 in the quarter versus EPS of $0.04 in the year-earlier quarter.

Revenue: Decreased 35.38% to $238 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Pacer International Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company missed the mean analyst estimate of $0.06. It missed the average revenue estimate of $255.67 million.

Quoting Management: “Our improvements in intermodal gross margin and operating income reflect the continuation of our focus on achieving acceptable margins for our services. Our new relationships with CTS International Logistics Corporation, Ltd. and Menzell Frankfurt will support our long-term development plans in returning the logistics segment to profitability,” said Daniel W. Avramovich, Chairman and Chief Executive Officer.

Key Stats (on next page)…

Revenue decreased 32.37% from $351.9 million in the previous quarter. EPS increased 25% from $0.04 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 $0.08 and has not changed. For the current year, the average estimate has moved down from a profit of $0.3 to a profit of $0.29 over the last ninety days.

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

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