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.
Compared to Estimates, TFI International (TFII) Q1 Earnings: A Look at Key Metrics
Read MoreHide Full Article
For the quarter ended March 2024, TFI International Inc. (TFII - Free Report) reported revenue of $1.87 billion, up 1.1% over the same period last year. EPS came in at $1.24, compared to $1.33 in the year-ago quarter.
The reported revenue represents a surprise of -1.07% over the Zacks Consensus Estimate of $1.89 billion. With the consensus EPS estimate being $1.39, the EPS surprise was -10.79%.
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 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Adjusted Operating Ratio - Truckload: 89.6% versus 87.6% estimated by three analysts on average.
Adjusted Operating Ratio: 90.6% versus the three-analyst average estimate of 88.9%.
Adjusted Operating Ratio - Less-Than-Truckload: 90.2% versus 89.9% estimated by three analysts on average.
U.S. LTL - Tonnage: 838 KTons versus the two-analyst average estimate of 830.64 KTons.
U.S. LTL - Average weight per shipment: 1,209 lbs versus the two-analyst average estimate of 1,158.39 lbs.
Revenue before fuel surcharge: $1.61 billion versus the four-analyst average estimate of $1.63 billion. The reported number represents a year-over-year change of +3.3%.
Revenue- Less-Than-Truckload: $680.70 million compared to the $693.81 million average estimate based on three analysts. The reported number represents a change of -1.5% year over year.
Revenue- Truckload: $397.73 million compared to the $436.54 million average estimate based on three analysts. The reported number represents a change of -4% year over year.
Revenue- Eliminations: -$12.01 million compared to the -$12.23 million average estimate based on three analysts. The reported number represents a change of -3.1% year over year.
Revenue- Package and Courier: $103.18 million versus $118.88 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8.3% change.
Revenue- Logistics: $441.91 million versus the three-analyst average estimate of $399.09 million. The reported number represents a year-over-year change of +24.4%.
Fuel surcharge: $259.31 million versus $250.58 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -10.5% change.
Shares of TFI International have returned -11.7% over the past month versus the Zacks S&P 500 composite's -3% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, TFI International (TFII) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, TFI International Inc. (TFII - Free Report) reported revenue of $1.87 billion, up 1.1% over the same period last year. EPS came in at $1.24, compared to $1.33 in the year-ago quarter.
The reported revenue represents a surprise of -1.07% over the Zacks Consensus Estimate of $1.89 billion. With the consensus EPS estimate being $1.39, the EPS surprise was -10.79%.
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 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Adjusted Operating Ratio - Truckload: 89.6% versus 87.6% estimated by three analysts on average.
- Adjusted Operating Ratio: 90.6% versus the three-analyst average estimate of 88.9%.
- Adjusted Operating Ratio - Less-Than-Truckload: 90.2% versus 89.9% estimated by three analysts on average.
- U.S. LTL - Tonnage: 838 KTons versus the two-analyst average estimate of 830.64 KTons.
- U.S. LTL - Average weight per shipment: 1,209 lbs versus the two-analyst average estimate of 1,158.39 lbs.
- Revenue before fuel surcharge: $1.61 billion versus the four-analyst average estimate of $1.63 billion. The reported number represents a year-over-year change of +3.3%.
- Revenue- Less-Than-Truckload: $680.70 million compared to the $693.81 million average estimate based on three analysts. The reported number represents a change of -1.5% year over year.
- Revenue- Truckload: $397.73 million compared to the $436.54 million average estimate based on three analysts. The reported number represents a change of -4% year over year.
- Revenue- Eliminations: -$12.01 million compared to the -$12.23 million average estimate based on three analysts. The reported number represents a change of -3.1% year over year.
- Revenue- Package and Courier: $103.18 million versus $118.88 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8.3% change.
- Revenue- Logistics: $441.91 million versus the three-analyst average estimate of $399.09 million. The reported number represents a year-over-year change of +24.4%.
- Fuel surcharge: $259.31 million versus $250.58 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -10.5% change.
View all Key Company Metrics for TFI International here>>>Shares of TFI International have returned -11.7% over the past month versus the Zacks S&P 500 composite's -3% 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.