Saia Analysts Increase Their Forecasts After Strong Earnings
Portfolio Pulse from Avi Kapoor
Saia, Inc. (NASDAQ:SAIA) reported Q4 earnings of $3.33 per share, surpassing estimates of $3.20, with sales of $751.13 million against expected $744.99 million. The company's operating ratio improved to 85.0%, and it onboarded nearly 1,500 new associates, closing the year with almost 14,000 employees. Following the report, Saia shares dropped 0.3% to $532.95. Analysts from BMO Capital, Goldman Sachs, Benchmark, and UBS revised their price targets upwards, reflecting optimism about Saia's performance.
February 05, 2024 | 7:32 pm
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Saia reported strong Q4 earnings, surpassing estimates with significant sales and an improved operating ratio. Analysts have raised their price targets, indicating confidence in the company's future performance.
The positive earnings report and the subsequent increase in price targets by analysts suggest a bullish outlook for Saia. Despite a minor drop in share price post-announcement, the overall analyst sentiment and company performance indicators are strong, likely leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100