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Truck Stocks to Watch for Earnings on Oct 27: ODFL, ULH, YRCW
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The Q3 earnings season is currently underway with the quarterly numbers of several companies already on board. The earnings trend for this season, however, will become clearer after more companies reveal their financial performance in the weeks to come.
The transportation sector (one of the 16 Zacks sectors) is a highly diversified one and includes truckers, shippers, airlines and railroads to name a few. As per our latest Earnings Preview report, the sector has seen 60% of its participants, which represent 59.2% in terms of market capitalization (in the S&P 500 Index) reporting their quarterly numbers so far this earnings season.
Although sectoral earnings have declined 17.4% on a year-over-year basis due to factors like the surge in terror attacks, Brexit-induced uncertainty, declining coal shipments, the space has seen a healthy proportion of companies (66.7%) beating the Zacks Consensus Estimate. We note that leading sector participants like American Airlines Group (AAL - Free Report) have managed to delivered better-than-expected bottom-line performance in Q3, which aided results in this space. However, the overall performance is likely to be adversely affected by the aforesaid headwinds and the transportation sector is projected to be one of the seven sectors to end Q3 with bottom-line deterioration.
As many as 810 companies, including 171 S&P 500 players, are scheduled to report their financial numbers by the end of this week. Investors interested in the broader transportation sector will keenly await releases from some leading trucking companies on Oct 27. Given that truckers have been adversely impacted by labor shortage for quite some time, let’s see how these key truck companies might fare in Q3.
Old Dominion Freight Line Inc. (ODFL - Free Report) is a less-than-truckload multi-regional motor carrier that provides direct service throughout the continental United States. According to our quantitative model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to increase the odds of an earnings surprise. The company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 97 cents. The company has a Zacks Rank #3. In spite of the company’s Zacks Rank, our surprise prediction is complicated by the company’s 0.00% ESP. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Universal Logistics Holdings, Inc. (ULH - Free Report) is primarily a non-asset based provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. The company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 18 cents. The company has a Zacks Rank #5 (Strong Sell). Please note that we caution investors against Sell-rated stocks (Zacks Rank #4 and 5) going into an earnings announcement, especially when the company is seeing negative estimate revisions.
YRC Worldwide Inc. is the holding company for a portfolio of less-than-truckload companies including YRC Freight, YRC Reimer, Holland, Reddaway and New Penn. Our proven model does not conclusively show that the company is likely to beat on earnings this quarter. This is because the company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 44 cents. The company has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (strong Buy) stocks here.
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Truck Stocks to Watch for Earnings on Oct 27: ODFL, ULH, YRCW
The Q3 earnings season is currently underway with the quarterly numbers of several companies already on board. The earnings trend for this season, however, will become clearer after more companies reveal their financial performance in the weeks to come.
The transportation sector (one of the 16 Zacks sectors) is a highly diversified one and includes truckers, shippers, airlines and railroads to name a few. As per our latest Earnings Preview report, the sector has seen 60% of its participants, which represent 59.2% in terms of market capitalization (in the S&P 500 Index) reporting their quarterly numbers so far this earnings season.
Although sectoral earnings have declined 17.4% on a year-over-year basis due to factors like the surge in terror attacks, Brexit-induced uncertainty, declining coal shipments, the space has seen a healthy proportion of companies (66.7%) beating the Zacks Consensus Estimate. We note that leading sector participants like American Airlines Group (AAL - Free Report) have managed to delivered better-than-expected bottom-line performance in Q3, which aided results in this space. However, the overall performance is likely to be adversely affected by the aforesaid headwinds and the transportation sector is projected to be one of the seven sectors to end Q3 with bottom-line deterioration.
As many as 810 companies, including 171 S&P 500 players, are scheduled to report their financial numbers by the end of this week. Investors interested in the broader transportation sector will keenly await releases from some leading trucking companies on Oct 27. Given that truckers have been adversely impacted by labor shortage for quite some time, let’s see how these key truck companies might fare in Q3.
Old Dominion Freight Line Inc. (ODFL - Free Report) is a less-than-truckload multi-regional motor carrier that provides direct service throughout the continental United States. According to our quantitative model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to increase the odds of an earnings surprise. The company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 97 cents. The company has a Zacks Rank #3. In spite of the company’s Zacks Rank, our surprise prediction is complicated by the company’s 0.00% ESP. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
OLD DOMINION FL Price and EPS Surprise
OLD DOMINION FL Price and EPS Surprise | OLD DOMINION FL Quote
Universal Logistics Holdings, Inc. (ULH - Free Report) is primarily a non-asset based provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. The company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 18 cents. The company has a Zacks Rank #5 (Strong Sell). Please note that we caution investors against Sell-rated stocks (Zacks Rank #4 and 5) going into an earnings announcement, especially when the company is seeing negative estimate revisions.
YRC Worldwide Inc. is the holding company for a portfolio of less-than-truckload companies including YRC Freight, YRC Reimer, Holland, Reddaway and New Penn. Our proven model does not conclusively show that the company is likely to beat on earnings this quarter. This is because the company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 44 cents. The company has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (strong Buy) stocks here.
YRC WORLDWD INC Price and EPS Surprise
YRC WORLDWD INC Price and EPS Surprise | YRC WORLDWD INC Quote
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