Saia Analysts Boost Their Forecasts After Upbeat Q2 Earnings
Portfolio Pulse from Lisa Levin
Saia, Inc. (NYSE:SAIA) reported better-than-expected Q2 earnings of $3.42 per share, beating market estimates of $3.27 per share. The company's quarterly sales were $694.60 million, slightly below expectations of $702.61 million. Following the earnings announcement, several analysts including Barclays, Wells Fargo, Raymond James, Goldman Sachs, and Benchmark raised their price targets on Saia. Saia shares gained 3.7% to close at $425.89 on Friday, and added 3.3% in pre-market trading.
July 31, 2023 | 1:08 pm
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POSITIVE IMPACT
Saia reported strong Q2 earnings, leading to a rise in its share price and analysts raising their price targets. This positive news is likely to have a short-term positive impact on Saia's stock.
Saia's better-than-expected Q2 earnings have led to a positive reaction in the market, with the company's shares gaining value. Additionally, several analysts have raised their price targets on Saia, indicating their positive outlook for the company's stock. This combination of strong earnings and positive analyst sentiment is likely to have a short-term positive impact on Saia's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100