Freight delivery company Werner (NASDAQ: WERN) will be reporting results this Tuesday after market hours. Here’s what investors should know.
Werner missed analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $712.1 million, down 7.4% year on year. It was a disappointing quarter for the company, with a miss of analysts’ Logistics revenue estimates and 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 3.9% year on year to $731.4 million, improving from the 6.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 6 downward revisions over the last 30 days (we track 10 analysts).
Looking at Werner’s peers in the ground transportation segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Saia posted flat year-on-year revenue, beating analysts’ expectations by 1.2%, and Knight-Swift Transportation reported flat revenue, in line with consensus estimates. Knight-Swift Transportation’s stock price was unchanged following the results.
Read our full analysis of Saia’s results here and Knight-Swift Transportation’s results here.
There has been positive sentiment among investors in the ground transportation segment, with share prices up 6.8% on average over the last month. Werner is up 7.2% during the same time and is heading into earnings with an average analyst price target of $28.40 (compared to the current share price of $29.33).
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