Covenant Logistics Group Inc expected to post earnings of $1.10 a share - Earnings Preview

Covenant Logistics

21/10/2024 22:59

* Covenant Logistics Group Inc  CVLG.N   CVLG.K  is expected
to show a rise in quarterly revenue when it reports  results on
October 23 for the period ending September 30 2024
    * The Chattanooga Tennessee-based  company is expected to
report a
3.8% increase in revenue to $299.81 million from $288.72 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Covenant Logistics Group
Inc
is for earnings of $1.10 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Covenant
Logistics Group Inc is $70.00​, above​ its last closing price
of $51.99. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.98        0.98       1.04      Beat    6.4
 Mar. 31 2024  0.80        0.78       0.84      Beat    7.7
 Dec. 31 2023  1.03        1.03       1.07      Beat    3.9​
 Sep. 30 2023  1.13        1.13       1.13      Met     -0.3
 ​​Jun.        0.93        0.95       1.07      Beat    12.6
 30 2023                                                
 Mar. 31 2023  0.81        0.81       0.93      Beat    15.2​
 Dec. 31 2022  1.41        1.42       1.37      Missed  -3.2
 Sep. 30 2022  1.36        1.37       1.52      Beat    11.4
 This summary was machine generated October 21 at 21:59 GMT.  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)