Freight delivery company Werner (NASDAQ: WERN) will be reporting earnings tomorrow after the bell. Here’s what to look for.
Werner missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $754.7 million, down 8.2% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates.
Is Werner a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Werner’s revenue to decline 4.1% year on year to $737.2 million, improving from the 7.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 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.
Looking at Werner’s peers in the ground transportation segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Ryder delivered year-on-year revenue growth of 1.1%, meeting analysts’ expectations, and Old Dominion Freight Line reported a revenue decline of 5.8%, in line with consensus estimates. Ryder’s stock price was unchanged after the results, while Old Dominion Freight Line was up 4.4%.
Read our full analysis of Ryder’s results here and Old Dominion Freight Line’s results here.
Investors in the ground transportation segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Werner is down 6% during the same time and is heading into earnings with an average analyst price target of $31.43 (compared to the current share price of $27.55).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
