Transportation and logistics solutions provider Universal Logistics (NASDAQ: ULH) will be reporting results tomorrow after market hours. Here’s what investors should know.
Universal Logistics beat analysts’ revenue expectations by 8.9% last quarter, reporting revenues of $465.1 million, up 19% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is Universal Logistics a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Universal Logistics’s revenue to decline 18.6% year on year to $400.6 million, a reversal from the 12.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 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. Universal Logistics has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Universal Logistics’s peers in the transportation and logistics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Old Dominion Freight Line’s revenues decreased 5.8% year on year, meeting analysts’ expectations, and Ryder reported revenues up 1.1%, in line with consensus estimates.
Read our full analysis of Old Dominion Freight Line’s results here and Ryder’s results here.
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