Covenant Logistics Gr Q4 2023 Adj EPS $1.07 Beats $1.03 Estimate, Sales $273.99M Miss $281.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Covenant Logistics Group reported Q4 2023 adjusted earnings per share (EPS) of $1.07, surpassing the estimated $1.03. However, their sales of $273.99M fell short of the expected $281.75M.
January 23, 2024 | 9:08 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Covenant Logistics Group's Q4 adjusted EPS exceeded expectations, but sales did not meet estimates, indicating mixed financial performance.
The mixed results with an EPS beat but a sales miss could lead to a neutral short-term impact on CVLG's stock price. Investors may be pleased with the higher profitability but concerned about the revenue shortfall.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100