Freight delivery company Werner (NASDAQ: WERN) will be reporting results this Thursday after market close. Here’s what to expect.
Werner beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $771.5 million, up 3.5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA 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 be flat year on year at $758.6 million, improving from the 8.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 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 Q4 results, giving us a hint as to what we can expect. Heartland Express’s revenues decreased 26.1% year on year, missing analysts’ expectations by 6%, and Landstar reported a revenue decline of 2.9%, falling short of estimates by 1.4%. Landstar traded down 2.3% following the results.
Read our full analysis of Heartland Express’s results here and Landstar’s results here.
There has been positive sentiment among investors in the ground transportation segment, with share prices up 8.5% on average over the last month. Werner is up 16.1% during the same time and is heading into earnings with an average analyst price target of $32.33 (compared to the current share price of $37.17).
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.
