Roadrunner Transportation Systems (NYSE:RRTS) 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.
Roadrunner Transportation Systems Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.75% to $0.38 in the quarter versus EPS of $0.32 in the year-earlier quarter.
Revenue: Rose 26.41% to $331.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Roadrunner Transportation Systems reported adjusted EPS income of $0.38 per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $101.43 million.
Quoting Management: Mark DiBlasi, President and CEO of Roadrunner, said, “Strong performance across all of our business segments generated second quarter revenue growth of 26.4% and net revenue growth of 35.6%. Due to sales and operational initiatives, our operating income growth of 31.4% outpaced revenue. Our operating ratio improved 30 basis points to 92.6%, compared to 92.9% in the second quarter of 2012.”
Key Stats (on next page)…
EPS increased 31.03% from $0.29 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.38 to a profit $0.39. For the current year, the average estimate has moved up from a profit of $1.40 to a profit of $1.42 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)