Earnings Outlook For Covenant Logistics Gr
Portfolio Pulse from Benzinga Insights
Covenant Logistics Gr (NASDAQ:CVLG) is expected to release its quarterly earnings report on Tuesday, 2024-01-23, with an estimated EPS of $1.03. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, CVLG's stock price has shown volatility post-earnings, with a mix of positive and negative reactions. Shares are currently trading at $47.02, up 26.26% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 22, 2024 | 2:00 pm
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Covenant Logistics Gr is anticipated to report quarterly earnings with investors focusing on both the earnings beat and future guidance. Historical data shows stock price volatility post-earnings, despite a 26.26% increase over the past year.
The short-term impact on CVLG's stock price will likely depend on whether the company beats the earnings estimate and provides positive guidance. Historical performance shows that the stock can react negatively even after an earnings beat, but the overall uptrend over the past year suggests a positive sentiment that might mitigate negative reactions.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100