Vitran Earnings: Here’s Why Investors Like These Results

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 up 0.21%.

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Vitran Corp Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-1.07 in the quarter versus EPS of $-0.22 in the year-earlier quarter.

Revenue: Decreased 22.45% to $161.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Vitran Corp Inc. reported adjusted EPS loss of $1.07 per share. By that measure, the company missed the mean analyst estimate of $-0.41. It missed the average revenue estimate of $174 million.

Quoting Management: Vitran Interim President and Chief Executive Officer William Deluce stated, “We are very disappointed with Vitran’s financial results. Vitran’s Board of Directors is focused on the objective of enhancing shareholder value, and is confident that such objective is aligned with the interests of all of Vitran’s stakeholders.”

Key Stats (on next page)…

Revenue increased 112.39% from $75.85 million in the previous quarter. EPS decreased to $-1.07 in the quarter versus EPS of $-0.67 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 profit of $0.03 to a loss $0.18. For the current year, the average estimate has moved down from a profit of $0.21 to a loss of $0.64 over the last ninety days.

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