USA Truck Earnings: Everything You Must Know Now
USA Truck Inc. (NASDAQ:USAK) had a loss and beat Wall Street’s expectations, BUT 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 $-0.24 in the quarter versus EPS of $-0.47 in the year-earlier quarter.
Revenue: Rose 6.74% to $132 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: USA Truck Inc. reported adjusted EPS loss of $0.24 per share. By that measure, the company beat the mean analyst estimate of $-0.28. It missed the average revenue estimate of $134.72 million.
Quoting Management: John Simone, President and CEO, offered the following comments: “Overall Company base revenue improved by 7.2% and operating costs were held to an increase of 3.5%, thus improving operating margin by over 400 basis points. Our operational execution continues to improve, helping us overcome difficult weather conditions across our operating areas and fewer business days due to leap year and an early Easter. We are pleased with our progress, and our top priority is returning to profitability as quickly as possible and restoring shareholder value.
Key Stats (on next page)…