Covenant Logistics Gr Q2 Adj EPS $1.07 Beats $0.95 Estimate, Sales $274.02M Beat $269.90M Estimate
Portfolio Pulse from saritha@benzinga.com
Covenant Logistics Gr (NASDAQ:CVLG) reported Q2 earnings of $1.07 per share, beating the analyst consensus estimate of $0.95 by 12.63%. However, this is a 34.36% decrease from the same period last year. The company also reported quarterly sales of $274.02 million, beating the estimate of $269.90 million by 1.53%, but this is a 13.66% decrease from last year.
July 26, 2023 | 8:06 pm
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Covenant Logistics Gr beat Q2 earnings and sales estimates. However, both earnings and sales decreased compared to the same period last year.
While Covenant Logistics Gr beat the Q2 estimates, the year-on-year decreases in both earnings and sales might concern investors, potentially leading to a neutral short-term impact on the stock price.
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