Covenant Logistics Group Inc reports results for the quarter ended December 31 - Earnings Summary

Covenant Logistics

23/01/2025 22:55

* Covenant Logistics Group Inc  CVLG.N  reported quarterly
adjusted earnings of 49 cents​​ per share for the quarter ended
December 31, lower than the same quarter last year, when the
company reported EPS of 54 cents.  The mean expectation of
four analysts for the quarter was for earnings of 49 cents per
share. Wall Street expected results to range from 48 cents to 51
cents per share.
    * Revenue rose 1.2% to $277.33 million from a year ago;
analysts
expected $284.91 million. 
    * Covenant Logistics Group Inc's reported EPS for the
quarter was
24 cents​.
    * The company reported quarterly net income of $6.72
million.
    * Covenant Logistics Group Inc shares had risen by 3.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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 $35.50 
This summary was machine generated from LSEG data January 23 at
10:55 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.49           0.49           Met
 Sep. 30 2024      0.55           0.55           Met
 Jun. 30 2024      0.49           0.52           Beat
 Mar. 31 2024      0.39           0.42           Beat