In This Article:
Covenant Logistics Group (NYSE:CVLG) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$287.9m (flat on 3Q 2023).
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Net income: US$12.9m (down 3.5% from 3Q 2023).
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Profit margin: 4.5% (down from 4.6% in 3Q 2023).
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EPS: US$0.98 (down from US$1.03 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Covenant Logistics Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 9.3%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Transportation industry in the US.
Performance of the American Transportation industry.
The company's shares are down 4.9% from a week ago.
Valuation
Following the latest earnings results, Covenant Logistics Group may be undervalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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