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

Werner Enterprises

02/11/2023 15:35

* Werner Enterprises Inc  WERN.OQ  reported quarterly
adjusted
earnings of 42 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 90 cents.  The mean expectation of
seventeen analysts for the quarter was for earnings of 49 cents
per share. Wall Street expected results to range from 45 cents
to 52 cents per share.
    * Revenue fell 1.2% to $817.74 million from a year ago;
analysts
expected $812.35 million. 
    * Werner Enterprises Inc's reported EPS for the quarter was
37
cents​.
    * The company reported quarterly net income of $23.7
million.
    * Werner Enterprises Inc shares had fallen by 7.6% this
quarter and lost 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.8%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 7
"hold" and 2 "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 Werner
Enterprises Inc is $40.50 
This summary was machine generated from LSEG data November 2 at
03:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.49           0.42           Missed
 Jun. 30 2023      0.59           0.52           Missed
 Mar. 31 2023      0.71           0.60           Missed
 Dec. 31 2022      0.92           0.99           Beat