Werner Enterprises Inc WERN.OQ reported quarterly adjusted earnings of 11 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 1 cents to 10 cents per share.
Revenue fell 1% to $753.15 million from a year ago; analysts expected $733.94 million.
Werner Enterprises Inc's reported EPS for the quarter was 72 cents.
The company reported quarterly net income of $44.06 million.
Werner Enterprises Inc shares had risen by 4.6% this quarter and lost 20.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 70% in the last three months.
In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 8 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is "buy."
Wall Street's median 12-month price target for Werner Enterprises Inc is $27.00, about 6% below its last closing price of $28.61
This summary was machine generated from LSEG data July 29 at 09:01 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)