Freight transportation and logistics provider Saia (NASDAQ: SAIA) will be reporting earnings this Thursday before market hours. Here’s what investors should know.
Saia beat analysts’ revenue expectations last quarter, reporting revenues of $806.2 million, up 2.4% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates.
Is Saia a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Saia’s revenue to grow 16.6% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Saia has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Saia’s peers in the ground transportation segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Knight-Swift Transportation delivered year-on-year revenue growth of 12.6%, beating analysts’ expectations by 2%, and Landstar reported revenues up 18.1%, topping estimates by 7%. Knight-Swift Transportation traded down 4.9% following the results.
Read our full analysis of Knight-Swift Transportation’s results here and Landstar’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the ground transportation stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Saia is down 3.7% during the same time and is heading into earnings with an average analyst price target of $464.86 (compared to the current share price of $410.09).
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