Freight transportation and logistics provider Saia (NASDAQ: SAIA) will be announcing earnings results this Thursday morning. Here’s what to expect.
Saia met analysts’ revenue expectations last quarter, reporting revenues of $956.5 million, up 17.1% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates.
Is Saia a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Saia’s revenue to grow 15.3% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Saia rarely misses Wall Street’s revenue estimates.
Looking at Saia’s peers in the ground transportation segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ryder delivered year-on-year revenue growth of 8.3%, beating analysts’ expectations by 1.2%, and Knight-Swift Transportation reported revenues up 14.2%, topping estimates by 1.4%. Ryder traded up 12.7% following the results while Knight-Swift Transportation was down 1.1%.
Read our full analysis of Ryder’s results here and Knight-Swift Transportation’s results here.
In the last year or so, investors have shifted their focus from one macro dynamic to the next (AI disintermediation and AI investment to geopolitical conflict, interest rates, and the health of the wider economy). While some of the ground transportation stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.7% on average over the last month. Saia is up 3.3% during the same time and is heading into earnings with an average analyst price target of $420.29 (compared to the current share price of $341.03).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
