Kirby Misses on Revenues but Beats on EPS
Jul 26th 2012 1:03PM
Updated Jul 26th 2012 1:06PM
Kirby (NYS: KEX) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Kirby missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded.
Margins shrank across the board.
Kirby chalked up revenue of $511.8 million. The 11 analysts polled by S&P Capital IQ predicted sales of $520.2 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $437.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.85. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.82 per share. GAAP EPS of $0.85 for Q2 were 10% higher than the prior-year quarter's $0.77 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.4%, 20 basis points worse than the prior-year quarter. Operating margin was 16.3%, 10 basis points worse than the prior-year quarter. Net margin was 9.3%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $535.7 million. On the bottom line, the average EPS estimate is $0.89.
Next year's average estimate for revenue is $2.15 billion. The average EPS estimate is $3.57.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 183 members out of 193 rating the stock outperform, and 10 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Kirby a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kirby is outperform, with an average price target of $61.29.
- Add Kirby to My Watchlist.
The article Kirby Misses on Revenues but Beats on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.