We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The company has a disappointing earnings history, having missed the Zacks Consensus Estimate in each of the preceding four quarters. The average miss is 12.03%.
Expectations
This transportation company is expected to post quarterly earnings of 28 cents per share in its upcoming report, which implies a year-over-year decline of 53.33%.
Revenues are expected to be $795.06 million, down 4.52% from the year-ago quarter.
Let’s see how things have shaped up for Werner Enterprises this earnings season.
We expect WERN’s bottom line in the to-be-reported quarter to be challenged by high operating expenses, primarily due to increased salaries, wages and benefits, fuel and rent and purchased transportation expenses. The weak freight demand scenario is also expected to dent the first-quarter performance.
Due to the freight-related weakness, the company’s main division — Truckload Transportation Services — is expected to dish out a lackluster performance in the March quarter. However, the Logistics business is likely to have put up an encouraging show, driven by the company’s efforts to expand its final mile capabilities.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for WERN this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Werner Enterprises has an Earnings ESP of +4.19% and a Zacks Rank #5 (Strong Sell). You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
WERN's fourth-quarter 2023 earnings per share of 39 cents lagged the Zacks Consensus Estimate of 44 cents and declined 61% on a year-over-year basis. Total revenues of $821.9 million outperformed the Zacks Consensus Estimate of $811.1 million. However, the top line dipped 5% on a year-over-year basis due to a $54.7 million decrease in Truckload Transportation Services revenues, partially offset by Logistics revenue growth of $13.5 million, which includes the Reed TMS acquisition.
Q1 Performances of Other Transportation Companies
Delta Air Lines’ (DAL - Free Report) first-quarter 2024 earnings (excluding 39 cents from non-recurring items) of 45 cents per share comfortably beat the Zacks Consensus Estimate of $0.36 and improved 7.75% year over year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Revenues of $13.75 billion surpassed the Zacks Consensus Estimate of $12.84 billion and increased 7.75% on a year-over-year basis. Adjusted operating revenues (excluding third-party refinery sales) came in at $12.6 billion, up 6% year over year.
United Airlines (UAL - Free Report) reported a first-quarter 2024 loss (excluding 23 cents from non-recurring items) of 15 cents per share, narrower than the Zacks Consensus Estimate of 53 cents and improved 76.19% year over year.
Operating revenues of $12.54 billion beat the Zacks Consensus Estimate of $12.43 billion. The top line increased 9.71% year over year due to upbeat air travel demand. Cargo revenues fell 1.8% year over year to $391 million. Revenues from other sources jumped 10.3% year over year to $835 million.
J.B. Hunt Transport Services’ (JBHT - Free Report) first-quarter 2024 earnings per share of $1.22 missed the Zacks Consensus Estimate of $1.53 and declined 35.45% year over year.
Total operating revenues of $2.94 billion lagged the Zacks Consensus Estimate of $3.12 billion and fell 9% year over year. Total operating revenues, excluding fuel surcharge revenues, decreased approximately 6.5% year over year.
Image: Bigstock
What's in Store for Werner Enterprises (WERN) in Q1 Earnings?
Werner Enterprises Inc (WERN - Free Report) is scheduled to report its first-quarter 2024 results on Apr 30 after market close.
The company has a disappointing earnings history, having missed the Zacks Consensus Estimate in each of the preceding four quarters. The average miss is 12.03%.
Expectations
This transportation company is expected to post quarterly earnings of 28 cents per share in its upcoming report, which implies a year-over-year decline of 53.33%.
Revenues are expected to be $795.06 million, down 4.52% from the year-ago quarter.
Let’s see how things have shaped up for Werner Enterprises this earnings season.
We expect WERN’s bottom line in the to-be-reported quarter to be challenged by high operating expenses, primarily due to increased salaries, wages and benefits, fuel and rent and purchased transportation expenses. The weak freight demand scenario is also expected to dent the first-quarter performance.
Due to the freight-related weakness, the company’s main division — Truckload Transportation Services — is expected to dish out a lackluster performance in the March quarter. However, the Logistics business is likely to have put up an encouraging show, driven by the company’s efforts to expand its final mile capabilities.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for WERN this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Werner Enterprises has an Earnings ESP of +4.19% and a Zacks Rank #5 (Strong Sell). You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Werner Enterprises, Inc. Price and EPS Surprise
Werner Enterprises, Inc. price-eps-surprise | Werner Enterprises, Inc. Quote
Highlights of Q4
WERN's fourth-quarter 2023 earnings per share of 39 cents lagged the Zacks Consensus Estimate of 44 cents and declined 61% on a year-over-year basis. Total revenues of $821.9 million outperformed the Zacks Consensus Estimate of $811.1 million. However, the top line dipped 5% on a year-over-year basis due to a $54.7 million decrease in Truckload Transportation Services revenues, partially offset by Logistics revenue growth of $13.5 million, which includes the Reed TMS acquisition.
Q1 Performances of Other Transportation Companies
Delta Air Lines’ (DAL - Free Report) first-quarter 2024 earnings (excluding 39 cents from non-recurring items) of 45 cents per share comfortably beat the Zacks Consensus Estimate of $0.36 and improved 7.75% year over year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Revenues of $13.75 billion surpassed the Zacks Consensus Estimate of $12.84 billion and increased 7.75% on a year-over-year basis. Adjusted operating revenues (excluding third-party refinery sales) came in at $12.6 billion, up 6% year over year.
United Airlines (UAL - Free Report) reported a first-quarter 2024 loss (excluding 23 cents from non-recurring items) of 15 cents per share, narrower than the Zacks Consensus Estimate of 53 cents and improved 76.19% year over year.
Operating revenues of $12.54 billion beat the Zacks Consensus Estimate of $12.43 billion. The top line increased 9.71% year over year due to upbeat air travel demand. Cargo revenues fell 1.8% year over year to $391 million. Revenues from other sources jumped 10.3% year over year to $835 million.
J.B. Hunt Transport Services’ (JBHT - Free Report) first-quarter 2024 earnings per share of $1.22 missed the Zacks Consensus Estimate of $1.53 and declined 35.45% year over year.
Total operating revenues of $2.94 billion lagged the Zacks Consensus Estimate of $3.12 billion and fell 9% year over year. Total operating revenues, excluding fuel surcharge revenues, decreased approximately 6.5% year over year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.