Roadrunner Transportation Systems Earnings: Everything You Must Know Now

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.

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Roadrunner Transportation Systems Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 16% to $0.29 in the quarter versus EPS of $0.25 in the year-earlier quarter.

Revenue: Rose 26.55% to $299.38 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Roadrunner Transportation Systems reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $0.28. It beat the average revenue estimate of $88.21 million.

Quoting Management: Mark DiBlasi, President and CEO of Roadrunner, said, “We achieved record revenues and operating income in the first quarter of 2013. These records were achieved in the lowest seasonal quarter of the year and in a quarter with fewer business days than normal. Strong performance across all of our business segments generated first quarter revenue growth of 26.5% and net revenue growth of 33.8%. Due to sales and operational initiatives, our operating income growth of 30.7% outpaced revenue. Our operating ratio improved 20 basis points to 93.6%, compared to 93.8% in the first quarter of 2012, despite additional costs incurred for service initiatives implemented in our LTL segment due to adverse weather conditions. Additional costs incurred in our LTL segment for the weather-related service initiatives negatively impacted our first quarter diluted earnings per share by approximately $0.02.”

Key Stats (on next page)…

Revenue increased 1.46% from $295.07 million in the previous quarter. EPS were the same at $0.29 as 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 $0.35 to a profit $0.37. For the current year, the average estimate has moved up from a profit of $1.35 to a profit of $1.39 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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