Saia, Inc. (NASDAQ:SAIA) delivered a profit and met 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.
Saia, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.5% to $0.54 in the quarter versus EPS of $0.48 in the year-earlier quarter.
Revenue: Rose 1.9% to $293 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Saia, Inc. reported adjusted EPS income of $0.54 per share. By that measure, the company met the mean analyst estimate of $0.54. It missed the average revenue estimate of $293.88 million.
Quoting Management: “Saia’s high service quality, continued progress with yield and focus on operational excellence were the drivers of our margin improvement. While volumes during the quarter were relatively soft in line with the general economy, we continue to advance our value proposition with investments in quality and focus on customer service,” said Saia President and Chief Executive Officer Rick O’Dell.
Key Stats (on next page)…
Revenue increased 7.01% from $273.8 million in the previous quarter. EPS increased 63.64% from $0.33 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 $0.49 to a profit $0.54. For the current year, the average estimate has moved up from a profit of $1.63 to a profit of $1.80 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)