Tuesday, November 8, 2011

YRC Worldwide Inc. Earnings Cheat Sheet: Loss Widens

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On Friday November 4, 2011, 9:41 am

YRC Worldwide, Inc. reported its results for the third quarter. YRC Worldwide is a holding company that through its subsidiaries offers a range of transportation services.

Investing Insights: Here’s why Chipotle’s Stock keeps Winning.

YRC Worldwide Earnings Cheat Sheet for the Third Quarter

Results: Loss widened to $177.9 million (51 cents per diluted share) from $61.7 million (loss of $1.33 per share) in the same quarter a year earlier.

Revenue: Rose 12.3% to $1.28 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: YRCW fell short of the mean analyst estimate of a loss of 39 cents per share. Analysts were expecting revenue of $1.27 billion.

Quoting Management: “With our 12.3% revenue increase, our working capital continues to be well managed as demonstrated by the 38.5 days-sales-outstanding for consolidated receivables, which is about one day better than third quarter a year ago,” stated Jamie Pierson, chief financial officer of YRC Worldwide. “The unused availability from the new $400 million ABL facility provides important liquidity to support our working capital needs which are driven by seasonality and our year-over-year revenue growth.”

Revenue has now gone up for three straight quarters. in the second quarter, revenue rose 12.3% to $1.26 billion while the figure rose 5.6% in the first quarter from the year earlier.

The company fell short of estimates last quarter after beating the mark the quarter before with a loss of 81 cents versus a mean estimate of a loss of 96 cents per share.

looking forward: Analysts seem more negative about the company’s results for the next quarter than ninety days ago. The average estimate for the fourth quarter has moved from a loss of 52 cents a share to a loss of 56 cents over the last ninety days. for the fiscal year, the average estimate has moved from a loss of $3.84 a share to a loss of $3.97 over the last ninety days.

Competitors to Watch: Arkansas best Corporation , Con-way Inc. , Saia Inc. , Roadrunner Transportation Services Hold. , J.B. Hunt Transport Services, Inc. , old Dominion Freight Line , Celadon Group, Inc. and Universal Truckload Services, Inc. .

Investing Insights: Here’s why Chipotle’s Stock keeps Winning.

(Source: Xignite Financials)

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