Werner Enterprises Earnings: Here’s Why the Stock is Down Now

Werner Enterprises Inc. (NASDAQ:WERN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.16%.

Werner Enterprises Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 16.67% to $0.35 in the quarter versus EPS of $0.42 in the year-earlier quarter.

Revenue: Decreased 2.91% to $506.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Werner Enterprises Inc. reported adjusted EPS income of $0.35 per share. By that measure, the company missed the mean analyst estimate of $0.37. It missed the average revenue estimate of $519.28 million.

Quoting Management: “Werner Enterprises is proud to be recognized as a Top Green Provider,” said Derek Leathers, president and chief operating officer of Werner Enterprises. “It is an honor to be acknowledged for our commitment and success as we have remained strongly focused on our sustainability initiatives. As a result, we have reached benchmark reductions in carbon emissions and fuel efficiencies and we strive to do better year after year.”

Key Stats (on next page)…

Revenue increased 2.78% from $492.89 million in the previous quarter. EPS increased 45.83% from $0.24 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.4 to a profit $0.39. For the current year, the average estimate has moved down from a profit of $1.44 to a profit of $1.39 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)