Covenant Logistics Gr Q3 Adj EPS $1.13 Beats $1.12 Estimate, Sales $288.72M Miss $289.65M Estimate
Portfolio Pulse from bharat@benzinga.com
Covenant Logistics Gr (NASDAQ:CVLG) reported Q3 earnings of $1.13 per share, beating the analyst consensus estimate of $1.12 by 0.89 percent. However, this is a 25.66 percent decrease from the same period last year. The company's quarterly sales of $288.72 million missed the analyst consensus estimate of $289.65 million by 0.32 percent, marking a 7.41 percent decrease from the same period last year.
October 25, 2023 | 8:32 pm
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Covenant Logistics Gr's Q3 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
Covenant Logistics Gr's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, are negative indicators. This could lead to a decrease in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100