• Covenant Logistics Group Inc CVLG.N reported quarterly adjusted earnings of 44 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of three analysts for the quarter was for earnings of 45 cents per share. Wall Street expected results to range from 43 cents to 47 cents per share.

• Revenue rose 3.1% to $296.89 million from a year ago; analysts expected $291.85 million.

• Covenant Logistics Group Inc's reported EPS for the quarter was 35 cents​.

• The company reported quarterly net income of $9.09 million.

• Covenant Logistics Group Inc shares had risen by 0.7% this quarter and lost 20.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for Covenant Logistics Group Inc is $30.00, about 27.3% above its last closing price of $21.81

This summary was machine generated from LSEG data October 22 at 09:47 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)