Saia Inc reports results for the quarter ended in June - Earnings Summary

Saia

26/07/2024 15:21

* Saia Inc  SAIA.OQ  reported quarterly adjusted earnings of
$3.83​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $3.42. 
The mean expectation of seventeen analysts for the quarter was
for earnings of $4.00 per share. Wall Street expected results to
range from $3.82  to $4.18 per share.
    * Revenue rose 18.5% to $823.24 million from a year ago;
analysts
expected $826.55 million. 
    * Saia Inc's reported EPS for the quarter was $3.83​.
    * The company reported quarterly net income of $102.52
million.
    * Saia Inc shares had risen by 3.1% this quarter and
gained 11.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.1%
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 13 "strong buy" or "buy," 5
"hold" and 1 "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 Saia Inc is
$544.62 
This summary was machine generated from LSEG data July 26 at
02:21 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
 Jun. 30 2024      4.00           3.83           Missed
 Mar. 31 2024      3.44           3.38           Missed
 Dec. 31 2023      3.20           3.33           Beat
 Sep. 30 2023      3.62           3.67           Beat