Covenant Logistics Group Inc expected to post earnings of 50 cents a share - Earnings Preview

Covenant Logistics

21/01/2025 21:02

* Covenant Logistics Group Inc  CVLG.N   CVLG.K  is expected
to show a rise in quarterly revenue when it reports  results on
January 23 for the period ending December 31 2024
    * The Chattanooga Tennessee-based  company is expected to
report a
4.0% increase in revenue to $284.907 million from $273.99
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 50 cents 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 $35.50​, above​ its last closing price
of $27.61. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2024  0.55        0.55       0.55      Met     -0.9
 Jun. 30 2024  0.49        0.49       0.52      Beat    6.4
 Mar. 31 2024  0.40        0.39       0.42      Beat    7.7​
 Dec. 31 2023  0.51        0.52       0.54      Beat    3.9
 ​​Sep.        0.57        0.57       0.57      Met     -0.3
 30 2023                                                
 Jun. 30 2023  0.46        0.48       0.54      Beat    12.6​
 Mar. 31 2023  0.41        0.40       0.47      Beat    15.2
 Dec. 31 2022  0.71        0.71       0.69      Missed  -3.2
 This summary was machine generated January 21 at 21:02 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)