Werner Enterprises IncBeat Q1 estimates on revenue, EPS, and adjusted operating income, driving stock up 18.7%.
Werner reported first-quarter revenues of $808.6 million, up 13.6% year on year and exceeding analyst expectations by 0.6%, with beats on EPS and adjusted operating income. Among the 15 ground transportation stocks tracked, the group overall beat revenue consensus by 2.1% and shares have risen 5.6% on average since reporting. Heartland Express posted the best performance relative to estimates with revenues of $176.3 million, down 19.7% year on year but beating by 2.6%, while Universal Logistics was the weakest, missing revenue estimates by 1.3% with a significant miss on adjusted operating income. RXO reported flat revenues of $1.43 billion, topping expectations by 5.9% and issuing strong EBITDA guidance, and ArcBest's revenues of $998.8 million, up 3.3%, were in line with estimates.
Werner Enterprises IncBeat Q1 estimates on revenue, EPS, and adjusted operating income, driving stock up 18.7%.
RXO Inc.Flat revenues topped expectations and issued strong EBITDA guidance, signaling resilient demand.
Universal Logistics Holdings IncMissed revenue estimates and had significant miss on adjusted operating income, indicating weak demand.
Heartland Express IncBeat revenue estimates despite year-over-year decline, indicating relative demand strength.
ArcBest Corp