Saia Earnings: Here’s Why Investors Like These Results
Saia, Inc. (NASDAQ:SAIA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.79%.
Saia, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 44.12% to $0.49 in the quarter versus EPS of $0.34 in the year-earlier quarter.
Revenue: Rose 1.9% to $273.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Saia, Inc. reported adjusted EPS income of $0.49 per share. By that measure, the company beat the mean analyst estimate of $0.38. It beat the average revenue estimate of $272.49 million.
Quoting Management: “Saia’s superior service quality, operational excellence and revenue management initiatives facilitated another quarter of improved margins. We achieved a 120 basis point improvement in our operating ratio by marketing to customers who value quality service and by achieving targeted operational efficiencies. I am pleased that the company’s execution in key areas continues to progress margins and earnings per share,” said Rick O’Dell, Saia President and Chief Executive Officer.
Key Stats (on next page)…
Revenue increased 3.54% from $264.43 million in the previous quarter. EPS increased 48.48% from $0.33 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.77 to a profit $0.79. For the current year, the average estimate has moved up from a profit of $2.27 to a profit of $2.39 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)