Covenant Logistics Gr Q3 2024 Adj EPS $1.09 Misses $1.10 Estimate, Sales $287.88M Miss $299.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Covenant Logistics Group reported Q3 2024 earnings per share of $1.09, missing the consensus estimate of $1.10. Sales were $287.88 million, below the expected $299.81 million. Both earnings and sales showed a slight decline compared to the previous year.
October 23, 2024 | 8:07 pm
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NEGATIVE IMPACT
Covenant Logistics Group's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $1.09 and sales at $287.88 million. This represents a slight decline from the previous year, which may impact investor sentiment negatively.
The company's earnings per share and sales both missed analyst expectations, which is typically viewed negatively by investors. The slight decline in both metrics compared to the previous year could further dampen investor confidence, potentially leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100