Saia Q1 2024 GAAP EPS $3.38 Misses $3.44 Estimate, Sales $754.775M Miss $770.665M Estimate
Portfolio Pulse from Benzinga Newsdesk
Saia Inc. (NASDAQ:SAIA) reported Q1 2024 earnings of $3.38 per share, missing the consensus estimate of $3.44. Quarterly sales were $754.775M, below the expected $770.665M but marked a 14.27% increase from the previous year.
April 26, 2024 | 11:33 am
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NEGATIVE IMPACT
Saia Inc. reported Q1 2024 earnings and sales below analyst expectations, with a slight miss in EPS and sales but a notable year-over-year sales growth.
Missing the consensus estimates for both earnings per share and sales typically leads to a negative short-term reaction in the stock market. However, the significant year-over-year sales growth may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100