Truckload carriers' forecasts cut heading into Q1 prints [Yahoo! Finance]
Werner Enterprises, Inc. (WERN)
Last werner enterprises, inc. earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
Acknowledging decent demand, analysts cited an overhang of truck capacity, which is constraining pricing and margins, as the reason for the latest round of revisions “We exit 1Q much like we entered it for truckload-related transports — feeling okay about volumes but bad about pricing and expecting downward EPS revisions for businesses that live on this annual pricing cycle,” Susquehanna Financial Group's Bascome Majors told clients on Monday. He said pricing pressures alongside “steady but not spectacular volumes” will weigh on first-quarter numbers, which he cut by 26% to 32% for the TL carriers he follows. His new TL and intermodal forecasts “remain meaningfully below” consensus estimates, but his outlook for freight brokers is more in line with the averages. Majors cut his first-quarter earnings-per-share estimate for intermodal provider J.B. Hunt ( NASDAQ: JBHT ) by 11% to $1.40. Management at the company said at an investor conference last month that annual price negotiati
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WERN
News
- Werner® Earns Recognition on Forbes' America's Best Large Employers 2024 List [Yahoo! Finance]Yahoo! Finance
- Werner® Earns Recognition on Forbes’ America’s Best Large Employers 2024 ListBusiness Wire
- Tough trucking market hits EBITDA at TriumphPay; other indicators up [Yahoo! Finance]Yahoo! Finance
- Werner Enterprises, Inc. (NASDAQ: WERN) had its price target lowered by analysts at Stifel Nicolaus from $42.00 to $39.00. They now have a "hold" rating on the stock.MarketBeat
- Werner Enterprises, Inc. (NASDAQ: WERN) had its price target lowered by analysts at Bank of America Co. from $35.00 to $34.00. They now have an "underperform" rating on the stock.MarketBeat
WERN
Earnings
- 2/6/24 - Miss
WERN
Sec Filings
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 4/2/24 - Form ARS
- WERN's page on the SEC website