Werner Enterprises swings to profit in Q1

Werner Enterprises

28/04/2026 21:37

Overview

U.S. trucking and logistics firm's Q1 revenue rose 14%, slightly missing analyst expectations

Adjusted EPS for Q1 was $0.02, analysts were expecting a loss

Revenue growth driven by FirstFleet acquisition and core business improvements

Outlook

Werner sees 2026 TTS average truck count growth of 23% to 28%

Company expects 2026 net capital expenditures of $185 mln to $225 mln

Werner raises 2026 Dedicated revenue per truck per week growth outlook to flat to 3%

Result Drivers

FIRSTFLEET ACQUISITION - Co said Q1 revenue growth and dedicated fleet expansion were driven by the FirstFleet acquisition

ONE-WAY TRUCKLOAD RESTRUCTURING - Co said restructuring efforts in One-Way Truckload led to a 9.6% increase in revenue per truck per week and higher rates

USED EQUIPMENT SALES - Higher gains from sale of used equipment contributed to TTS segment profitability

Company press release: ID:nBw6j1lvka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$808.61 mln
$813.91 mln (11 Analysts)
Q1 Adjusted EPS
Beat
$0.02
-$0.05 (15 Analysts)
Q1 EPS
-$0.07
Q1 Adjusted Net Income
Beat
$1.31 mln
-$1.88 mln (9 Analysts)
Q1 Adjusted Operating Income
$11.94 mln
Q1 Adjusted Operating Margin
1.50%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 10 "hold" and 3 "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 $34.00, about 0.4% below its April 27 closing price of $34.14

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 36 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)