Werner Enterprises Inc reports results for the quarter ended in March - Earnings Summary

Werner Enterprises

30/04/2024 23:03

* Werner Enterprises Inc  WERN.OQ  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 60 cents.  The mean expectation of fifteen analysts for
the quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 20 cents to 31 cents per share.
    * Revenue fell 7.6% to $769.08 million from a year ago;
analysts
expected $788.32 million. 
    * Werner Enterprises Inc's reported EPS for the quarter was
10
cents​.
    * The company reported quarterly net income of $6.31
million.
    * Werner Enterprises Inc shares had fallen by 11.2% this
quarter and lost 18.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.9%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "hold"

Wall Street's median 12-month price target for Werner
Enterprises Inc is $41.00 
This summary was machine generated from LSEG data April 30 at
10:02 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
 Mar. 31 2024      0.27           0.14           Missed
 Dec. 31 2023      0.43           0.39           Missed
 Sep. 30 2023      0.49           0.42           Missed
 Jun. 30 2023      0.59           0.52           Missed