Saia Q4 EPS $3.33 Beats $3.20 Estimate, Sales $751.13M Beat $744.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Saia Inc. (NASDAQ:SAIA) reported Q4 earnings of $3.33 per share, surpassing the consensus estimate of $3.20, marking a 25.66% year-over-year increase. Quarterly sales reached $751.13M, exceeding estimates of $744.99M, a 14.55% increase from the previous year.
February 02, 2024 | 12:33 pm
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Saia Inc. reported a significant beat on both earnings and revenue estimates for Q4, with EPS at $3.33 against a $3.20 estimate and sales of $751.13M against a $744.99M estimate.
Beating both earnings and revenue estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year growth in earnings and sales further strengthens the case for a positive impact on Saia Inc.'s stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100