In the latest trading session, Radiant Logistics (RLGT - Free Report) closed at $6.41, marking no change from the previous day. This change traded in line with S&P 500. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq added 0.25%.
Heading into today, shares of the transportation and logistics services company had lost 0.16% over the past month, lagging the Transportation sector's gain of 1.97% and the S&P 500's gain of 2.36% in that time.
Investors will be hoping for strength from RLGT as it approaches its next earnings release. The company is expected to report EPS of $0.08, up 60% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $234.84 million, up 15.16% from the year-ago period.
RLGT's full-year Zacks Consensus Estimates are calling for earnings of $0.47 per share and revenue of $956.56 million. These results would represent year-over-year changes of +62.07% and +13.55%, respectively.
Any recent changes to analyst estimates for RLGT should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. RLGT is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that RLGT has a Forward P/E ratio of 13.64 right now. Its industry sports an average Forward P/E of 12.84, so we one might conclude that RLGT is trading at a premium comparatively.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RLGT in the coming trading sessions, be sure to utilize Zacks.com.