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Transportation company Schneider (NYSE: SNDR)
will be reporting earnings this Thursday before market hours. Here’s what to look for.
Schneider met analysts’ revenue expectations last quarter, reporting revenues of $1.40 billion, up 6.3% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
This quarter, analysts are expecting Schneider’s revenue to grow 7.1% year on year to $1.41 billion, a reversal from the 2.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 10 downward revisions over the last 30 days (we track 11 analysts).
Looking at Schneider’s peers in the ground transportation segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Werner’s revenues decreased 1% year on year, beating analysts’ expectations by 3%, and Saia reported flat revenue, topping estimates by 1.2%. Saia traded up 4% following the results.
There has been positive sentiment among investors in the ground transportation segment, with share prices up 5.5% on average over the last month. Schneider is up 4.6% during the same time and is heading into earnings with an average analyst price target of $26.93 (compared to the current share price of $25.27).
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