Vitran Earnings: Here’s Why Investors are Selling Shares Now
Vitran Corp Inc. (NASDAQ:VTNC) 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. Shares are down 17.45%.
Vitran Corp Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-1.03 in the quarter versus EPS of $-0.14 in the year-earlier quarter.
Revenue: Decreased 22.85% to $164.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vitran Corp Inc. reported adjusted EPS loss of $1.03 per share. By that measure, the company missed the mean analyst estimate of $-0.33. It missed the average revenue estimate of $181.2 million.
Quoting Management: Vitran Interim President and Chief Executive Officer William Deluce stated, “We are extremely pleased with the operating results of our Canadian LTL business. Commercial efforts by the Canadian management team are bearing fruit, with an increase in activity levels year-over-year. We continue to expect positive results in the quarters to come and are proud of the excellent service we deliver consistently every day to our customers in Canada.”
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS decreased to $-1.03 in the quarter versus EPS of $-1.07 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.16 to a loss $0.24. For the current year, the average estimate has moved down from a loss of $1.49 to a loss of $1.81 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)