Saia Misses Q2 Earnings Estimates
Saia (NASDAQ: SAIA) came out with quarterly earnings of $3.83 per share, missing the Zacks Consensus Estimate of $4 per share. This compares to earnings of $3.42 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -4.25%. A quarter ago, it was expected that this trucking company would post earnings of $3.43 per share when it actually produced earnings of $3.38, delivering a surprise of -1.46%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Saia, which belongs to the Zacks Transportation – Truck industry, posted revenues of $823.24 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.20%. This compares to year-ago revenues of $694.62 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Saia shares have added about 11.6% …
Full story available on Benzinga.com
