Patriot Transportation Holding Beats on Both Top and Bottom Lines

Patriot Transportation Holding (Nasdaq: PATR  ) reported earnings on Feb. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Patriot Transportation Holding beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.

Margins grew across the board.

Revenue details
Patriot Transportation Holding recorded revenue of $33.1 million. The two analysts polled by S&P Capital IQ expected sales of $31.9 million on the same basis. GAAP reported sales were 8.9% higher than the prior-year quarter's $30.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.33. The two earnings estimates compiled by S&P Capital IQ forecast $0.21 per share. GAAP EPS of $0.33 for Q1 were 43% higher than the prior-year quarter's $0.23 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 13.3%, 180 basis points better than the prior-year quarter. Operating margin was 13.3%, 270 basis points better than the prior-year quarter. Net margin was 9.4%, 240 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $32.6 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $133.9 million. The average EPS estimate is $0.93.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with seven members out of 26 rating the stock outperform, and 19 members rating it underperform. Among eight CAPS All-Star picks (recommendations by the highest-ranked CAPS members), one give Patriot Transportation Holding a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Patriot Transportation Holding is hold, with an average price target of $30.00.

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