Werner Enterprises Q2 Adj EPS $0.52 Misses $0.59 Estimate, Sales $811.10M Miss $811.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Werner Enterprises reported Q2 adjusted earnings of $0.52 per share, missing the analyst consensus estimate of $0.59 by 11.86%. This is a 40.23% decrease from the same period last year. The company also reported quarterly sales of $811.10 million, missing the analyst consensus estimate of $811.25 million by 0.02%, a 3.01% decrease from the same period last year.
August 04, 2023 | 2:26 pm
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NEGATIVE IMPACT
Werner Enterprises' Q2 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the company's stock price in the short term.
Werner Enterprises' Q2 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market. Additionally, the YoY decrease in both earnings and sales could further dampen investor sentiment, potentially leading to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100