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TFI International Inc. (TFII) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2023, TFI International Inc. (TFII - Free Report) reported revenue of $1.85 billion, down 15.6% over the same period last year. EPS came in at $1.33, compared to $1.68 in the year-ago quarter.
The reported revenue represents a surprise of -5.24% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $1.46, the EPS surprise was -8.90%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how TFI International Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Adjusted Operating Ratio: 89.7% versus the three-analyst average estimate of 89.77%.
Adjusted Operating Ratio - Truckload: 83.8% versus 86.23% estimated by three analysts on average.
Adjusted Operating Ratio - Less-Than-Truckload: 92% versus 88.87% estimated by three analysts on average.
Revenue before fuel surcharge: $1.56 billion compared to the $1.68 billion average estimate based on four analysts.
Revenue- Package and Courier: $112.56 million compared to the $118.71 million average estimate based on three analysts. The reported number represents a change of -26.4% year over year.
Revenue- Less-Than-Truckload: $690.86 million versus $753.46 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -30.9% change.
Fuel surcharge: $289.75 million compared to the $308.57 million average estimate based on three analysts. The reported number represents a change of -2.7% year over year.
Revenue- Logistics: $355.25 million versus $389.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -21% change.
Revenue- Eliminations: -$12.40 million versus -$13.47 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -28.9% change.
Revenue- Truckload: $414.13 million versus $411.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -32.1% change.
Shares of TFI International Inc. have returned -13.6% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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TFI International Inc. (TFII) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2023, TFI International Inc. (TFII - Free Report) reported revenue of $1.85 billion, down 15.6% over the same period last year. EPS came in at $1.33, compared to $1.68 in the year-ago quarter.
The reported revenue represents a surprise of -5.24% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $1.46, the EPS surprise was -8.90%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how TFI International Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Adjusted Operating Ratio: 89.7% versus the three-analyst average estimate of 89.77%.
- Adjusted Operating Ratio - Truckload: 83.8% versus 86.23% estimated by three analysts on average.
- Adjusted Operating Ratio - Less-Than-Truckload: 92% versus 88.87% estimated by three analysts on average.
- Revenue before fuel surcharge: $1.56 billion compared to the $1.68 billion average estimate based on four analysts.
- Revenue- Package and Courier: $112.56 million compared to the $118.71 million average estimate based on three analysts. The reported number represents a change of -26.4% year over year.
- Revenue- Less-Than-Truckload: $690.86 million versus $753.46 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -30.9% change.
- Fuel surcharge: $289.75 million compared to the $308.57 million average estimate based on three analysts. The reported number represents a change of -2.7% year over year.
- Revenue- Logistics: $355.25 million versus $389.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -21% change.
- Revenue- Eliminations: -$12.40 million versus -$13.47 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -28.9% change.
- Revenue- Truckload: $414.13 million versus $411.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -32.1% change.
View all Key Company Metrics for TFI International Inc. here>>>Shares of TFI International Inc. have returned -13.6% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.