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Transportation company Schneider (NYSE: SNDR)
will be announcing earnings results this Thursday before the bell. Here’s what to expect.
Schneider beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $1.42 billion, up 7.9% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and full-year EPS guidance slightly topping analysts’ expectations.
This quarter, analysts are expecting Schneider’s revenue to grow 8.8% year on year to $1.43 billion, a reversal from the 2.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 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. Schneider has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Schneider’s peers in the ground transportation segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Avis Budget Group delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 1.8%, and Landstar reported a revenue decline of 1%, in line with consensus estimates. Avis Budget Group traded down 6.1% following the results.
There has been positive sentiment among investors in the ground transportation segment, with share prices up 3.1% on average over the last month. Schneider is up 7.6% during the same time and is heading into earnings with an average analyst price target of $26.57 (compared to the current share price of $22.70).
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