Saia Q2 EPS $3.42 Beats $3.27 Estimate, Sales $694.60M Miss $702.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Saia reported Q2 earnings of $3.42 per share, beating the analyst consensus estimate of $3.27 by 4.59%. However, this is a 16.59% decrease from the same period last year. The company's quarterly sales were $694.60 million, missing the analyst consensus estimate of $702.61 million by 1.14%. This is a 6.83% decrease from the same period last year.
July 28, 2023 | 11:32 am
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Saia's Q2 earnings beat estimates but are down YoY. Sales missed estimates and are down YoY.
Saia's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100