Freight transportation and logistics provider Saia (NASDAQ:SAIA) will be announcing earnings results tomorrow before market hours. Here’s what to look for.
Saia beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $842.1 million, up 8.6% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ sales volume estimates but a miss of analysts’ EPS estimates.
Is Saia a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Saia’s revenue to grow 3.5% year on year to $777.3 million, slowing from the 14.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.77 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Saia has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Saia’s peers in the ground transportation segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Knight-Swift Transportation’s revenues decreased 3.5% year on year, missing analysts’ expectations by 1.2%, and Landstar reported flat revenue, topping estimates by 1.1%. Knight-Swift Transportation traded up 4.7% following the results while Landstar was down 3.5%.
Read our full analysis of Knight-Swift Transportation’s results here and Landstar’s results here.
Investors in the ground transportation segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Saia is up 1.4% during the same time and is heading into earnings with an average analyst price target of $521.41 (compared to the current share price of $477.99).
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