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Transportation company Schneider (NYSE: SNDR)
will be announcing earnings results tomorrow morning. Here’s what to look for.
Schneider missed analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $1.34 billion, down 2.4% year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations.
This quarter, analysts are expecting Schneider’s revenue to grow 6.3% year on year to $1.40 billion, a reversal from the 7.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 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.
Looking at Schneider’s peers in the ground transportation segment, some have already reported their Q1 results, giving us a hint as to what we can expect. ArcBest’s revenues decreased 6.7% year on year, missing analysts’ expectations by 2.7%, and Ryder reported revenues up 1.1%, in line with consensus estimates. Ryder’s stock price was unchanged following the results.
Investors in the ground transportation segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Schneider is down 5.4% during the same time and is heading into earnings with an average analyst price target of $26.80 (compared to the current share price of $21.70).
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