Transportation company Schneider (NYSE:SNDR) will be reporting earnings tomorrow morning. Here’s what you need to know.
Schneider National missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $1.32 billion, down 2.7% year on year. It was a disappointing quarter for the company, with full-year EPS guidance missing analysts’ expectations.
Is Schneider National a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Schneider National’s revenue to be flat year on year at $1.36 billion, improving from the 12.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 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 Schneider National’s peers in the transportation and logistics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Knight-Swift Transportation’s revenues decreased 3.5% year on year, missing analysts’ expectations by 1.2%, and Covenant Logistics reported revenues up 1.2%, falling short of estimates by 2.9%. Knight-Swift Transportation traded up 4.7% following the results while Covenant Logistics was down 2.1%.
Read our full analysis of Knight-Swift Transportation’s results here and Covenant Logistics’s results here.
There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 3.5% on average over the last month. Schneider National is up 3.4% during the same time and is heading into earnings with an average analyst price target of $31.94 (compared to the current share price of $30.29).
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