Transportation and logistics solutions provider Universal Logistics (NASDAQ: ULH) will be reporting results this Thursday afternoon. Here’s what investors should know.
Universal Logistics missed analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $393.8 million, down 14.8% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and a slight miss of analysts’ revenue estimates.
Is Universal Logistics a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Universal Logistics’s revenue to decline 6.1% year on year to $400.6 million, a reversal from the 1.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Universal Logistics has missed Wall Street’s revenue estimates twice since going public.
Looking at Universal Logistics’s peers in the transportation and logistics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FedEx delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 2.7%, and CSX reported flat revenue, in line with consensus estimates. FedEx traded up 2.2% following the results while CSX was also up 1.8%.
Read our full analysis of FedEx’s results here and CSX’s results here.
Investors in the transportation and logistics segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Universal Logistics is down 17.1% during the same time and is heading into earnings with an average analyst price target of $24 (compared to the current share price of $19.92).
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