Freight and logistics provider Covenant Logistics (NASDAQ: CVLG) will be reporting earnings this Wednesday afternoon. Here’s what to look for.

Covenant Logistics beat analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $302.9 million, up 5.3% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and an impressive beat of analysts’ Freight revenue estimates.

Is Covenant Logistics a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Covenant Logistics’s revenue to grow 3.4% year on year to $297.8 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.44 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Covenant Logistics has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Covenant Logistics’s peers in the transportation and logistics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FedEx delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 2.7%, and CSX reported flat revenue, in line with consensus estimates. FedEx traded up 2.2% following the results while CSX was also up 1.8%.

Read our full analysis of FedEx’s results here and CSX’s results here.

Investors in the transportation and logistics segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Covenant Logistics is down 2.5% during the same time and is heading into earnings with an average analyst price target of $30 (compared to the current share price of $21.67).

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