Werner Earnings: What To Look For From WERN

StockStory
28 Apr
Werner Earnings: What To Look For From WERN

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).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10