Saia Q2 EPS $3.83 Misses $4.02 Estimate, Sales $823.24M Miss $826.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Saia (NASDAQ:SAIA) reported Q2 earnings per share (EPS) of $3.83, missing the analyst estimate of $4.02. Sales were $823.24 million, also missing the estimate of $826.55 million. Despite the misses, EPS increased by 11.99% and sales by 18.52% year-over-year.
July 26, 2024 | 12:00 pm
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NEGATIVE IMPACT
Saia's Q2 earnings and sales both missed analyst estimates, with EPS at $3.83 versus $4.02 expected and sales at $823.24M versus $826.55M expected. Despite the misses, the company showed significant year-over-year growth in both EPS and sales.
The misses on both EPS and sales estimates are likely to have a negative short-term impact on Saia's stock price. However, the significant year-over-year growth in both metrics may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100