Freight delivery company Werner (NASDAQ: WERN) will be announcing earnings results this Thursday afternoon. Here’s what investors should know.
Werner beat analysts’ revenue expectations by 3% last quarter, reporting revenues of $753.1 million, down 1% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.
Is Werner a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Werner’s revenue to grow 2.5% year on year to $764.2 million, a reversal from the 8.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.13 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. Werner has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Werner’s peers in the ground transportation segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Avis Budget Group delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 1.8%, and Landstar reported a revenue decline of 1%, in line with consensus estimates. Avis Budget Group traded down 6.1% following the results.
Read our full analysis of Avis Budget Group’s results here and Landstar’s results here.
There has been positive sentiment among investors in the ground transportation segment, with share prices up 3.1% on average over the last month. Werner is up 5.9% during the same time and is heading into earnings with an average analyst price target of $27 (compared to the current share price of $27.79).
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
