USA Truck Earnings: Everything You Must Know Now

USA Truck Inc. (NASDAQ:USAK) had a loss 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.

USA Truck Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.10 in the quarter versus EPS of $-0.51 in the year-earlier quarter.

Revenue: Rose 7.82% to $139.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: USA Truck Inc. reported adjusted EPS loss of $0.10 per share. By that measure, the company missed the mean analyst estimate of $-0.07. It missed the average revenue estimate of $143.18 million.

Quoting Management: John Simone, President and CEO, offered the following comments: “Operating margins improved by 390 basis points year over year on 7.7% base revenue growth across our combined services, while operating costs increased only 3.7% (net of fuel surcharge recoveries). We reduced our net loss by 70.0%, marking our second consecutive quarter of material year-over-year improvement in operating results. We believe our turnaround plan gained traction during the June quarter, extending the year-over-year improvements in base revenue, operating income and net loss we achieved during the March quarter. While we are encouraged by our progress, we are not satisfied and have not yet achieved our top priorities of returning to profitability and restoring shareholder value.”

Key Stats (on next page)…

Revenue increased 5.81% from $132.03 million in the previous quarter. EPS were the same at $-0.10 in the quarter as EPS of $-0.10 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 loss of $0.05 to a profit $0.02. For the current year, the average estimate has moved down from a loss of $0.13 to a loss of $0.35 over the last ninety days.

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