Covenant Logistics Group Inc reports results for the quarter ended in January 1 - Earnings Summary

Covenant Logistics

24/10/2024 04:07

* Covenant Logistics Group Inc  CVLG.N  reported quarterly
adjusted earnings of $1.09​​ per share for the quarter ended
January 1, lower than the same quarter last year, when the
company reported EPS of $1.13.  The mean expectation of
four analysts for the quarter was for earnings of $1.10 per
share. Wall Street expected results to range from $1.08 
to $1.12 per share.
    * Revenue fell 0.3% to $287.89 million from a year ago;
analysts
expected $299.81 million. 
    * Covenant Logistics Group Inc's reported EPS for the
quarter was
94 cents​.
    * The company reported quarterly net income of $13.03
million.
    * Covenant Logistics Group Inc shares had fallen by 0.5%
this
quarter and gained 14.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

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 70.00 
This summary was machine generated from LSEG data October 24 at
03:07 a.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
 Sep. 30 2024      1.10           1.09           Missed
 Jun. 30 2024      0.98           1.04           Beat
 Mar. 31 2024      0.78           0.84           Beat
 Dec. 31 2023      1.03           1.07           Beat