For the quarter ended June 2023, Werner Enterprises (WERN - Free Report) reported revenue of $811.1 million, down 3% over the same period last year. EPS came in at $0.52, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $807.91 million, representing a surprise of +0.39%. The company delivered an EPS surprise of -8.77%, with the consensus EPS estimate being $0.57.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Werner performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 94.2% compared to the 92.14% average estimate based on three analysts.
- Truckload Transportation Services - Operating Ratio: 92.1% versus 89.35% estimated by three analysts on average.
- Truckload Transportation Services - Average revenues per truck per week: $4,483 compared to the $4,485.32 average estimate based on two analysts.
- Truckload Transportation Services - Average trucks in service: 8351 versus the two-analyst average estimate of 8359.79.
- Revenues- Werner Logistics: $224.55 million versus the four-analyst average estimate of $224.90 million. The reported number represents a year-over-year change of +10.2%.
- Revenues- Truckload Transportation Services- Trucking revenues, net of fuel surcharge: $486.63 million compared to the $487.56 million average estimate based on four analysts. The reported number represents a change of -0.3% year over year.
- Revenues- Truckload Transportation Services: $570.19 million compared to the $582.22 million average estimate based on four analysts. The reported number represents a change of -7.1% year over year.
- Revenues- Other: $19.38 million versus $18.18 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change.
- Revenues- Truckload Transportation Services- Trucking fuel surcharge revenues: $76.68 million versus $91.03 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -35.4% change.
- Revenues- Truckload Transportation Services- Non-trucking and other: $6.89 million versus $6.60 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
- Revenues- Corporate: $0.50 million versus $0.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
- Trucking revenues, net of fuel surcharge- Dedicated: $309.80 million versus $314.44 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.
View all Key Company Metrics for Werner here>>>Shares of Werner have returned +6.5% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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For the quarter ended June 2023, Werner Enterprises (WERN - Free Report) reported revenue of $811.1 million, down 3% over the same period last year. EPS came in at $0.52, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $807.91 million, representing a surprise of +0.39%. The company delivered an EPS surprise of -8.77%, with the consensus EPS estimate being $0.57.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Werner performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 94.2% compared to the 92.14% average estimate based on three analysts.
- Truckload Transportation Services - Operating Ratio: 92.1% versus 89.35% estimated by three analysts on average.
- Truckload Transportation Services - Average revenues per truck per week: $4,483 compared to the $4,485.32 average estimate based on two analysts.
- Truckload Transportation Services - Average trucks in service: 8351 versus the two-analyst average estimate of 8359.79.
- Revenues- Werner Logistics: $224.55 million versus the four-analyst average estimate of $224.90 million. The reported number represents a year-over-year change of +10.2%.
- Revenues- Truckload Transportation Services- Trucking revenues, net of fuel surcharge: $486.63 million compared to the $487.56 million average estimate based on four analysts. The reported number represents a change of -0.3% year over year.
- Revenues- Truckload Transportation Services: $570.19 million compared to the $582.22 million average estimate based on four analysts. The reported number represents a change of -7.1% year over year.
- Revenues- Other: $19.38 million versus $18.18 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change.
- Revenues- Truckload Transportation Services- Trucking fuel surcharge revenues: $76.68 million versus $91.03 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -35.4% change.
- Revenues- Truckload Transportation Services- Non-trucking and other: $6.89 million versus $6.60 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
- Revenues- Corporate: $0.50 million versus $0.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
- Trucking revenues, net of fuel surcharge- Dedicated: $309.80 million versus $314.44 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.
View all Key Company Metrics for Werner here>>>Shares of Werner have returned +6.5% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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