Werner Enterprises, Inc. (WERN) reported disappointing fourth-quarter 2024 outcomes whereby each earnings and revenues lagged the Zacks Consensus Estimate. Quarterlyearnings per share (EPS) of 8 cents lagged the Zacks Consensus Estimate of 21 cents and declined 79.4% on a year-over-year foundation.
Discover the newest EPS estimates and surprises on Zacks Earnings Calendar.
Complete revenues of $754.7 million lagged the Zacks Consensus Estimate of $772 million and dipped 8.2% on a year-over-year basisdue to a $52.8 million or 9% lower in Truckload Transportation Providers (TTS) revenues and a $13.8 million or 6% decline in Logistics revenues.
Adjusted working earnings of $12.2 million decreased 69% yr over yr. Adjusted working margin of 1.6% declined 320 foundation factors fromthe year-ago reported quarter.
Werner Enterprises, Inc. Worth, Consensus and EPS Shock
Werner Enterprises, Inc. price-consensus-eps-surprise-chart | Werner Enterprises, Inc. Quote
WERN’s This fall Segmental Outcomes
Revenues within the TTS section decreased 9% on a year-over-year foundation to $527.3 million as a consequence of decrease gas surcharge revenues. Adjusted working earnings of $14.6 million declined 61% yr over yr owing to $19 million of unfavorable claims growth within the reported quarter, a smaller fleet measurement, and decrease positive factors on the sale of property and gear (down 55%). Adjusted working margin of two.8% declined 360 foundation factors.
Logistics’ revenues totaled $213.2 million, down 6% yr over yr. Adjusted working earnings of $2.39 million declined 21% from the year-ago reported quarter. Adjusted working margin decreased 20 foundation factors yr over yr to 1.1%.
Liquidity
As of Dec. 31, 2024, Werner had money and money equivalents of $40.75 million in contrast with $54.66 million on the prior-quarter finish. Lengthy-term debt (internet of present portion) totaled $630 million on the finish of the reported quarter in contrast with $690 million on the prior-quarter finish.
Within the fourth quarter of 2024, the corporate generated $71 million of money from operations, and its internet capital expenditures amounted to$28.7 million.
WERN didn’t repurchase any shares through the fourth quarter of 2024. As of Dec. 31, 2024, WERN had 3.9 million shares remaining below its share repurchase authorization.
WERN’s Outlook
For 2025, Werner anticipates TTS truck progress to enhance within the vary of 1-5%. Internet capital expenditures are estimated to be within the vary of $185-$235 million.
Beneath the TTS steering, WERN tasks devoted revenues per truck per week progress to rise from breakeven to three% in 2025. One-way Truckload revenues per complete mile are predicted to enhance from 1- 4%.
Full-year 2025 tax fee is anticipated to be within the vary of 25%-26%.
WERN’s Zacks Rank
Presently, Werner carries a Zacks Rank #5 (Robust Promote).
You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
This fall Performances of Different Transportation Firms
Delta Air Strains DAL reported fourth-quarter 2024 earnings (excluding 56 cents from non-recurring gadgets) of $1.85 per share, which surpassed the Zacks Consensus Estimate of $1.76. Earnings elevated 44.5% on a year-over-year foundation as a consequence of low gas prices.
DAL’srevenues of $15.56 billion surpassed the Zacks Consensus Estimate of $14.99 billion and elevated 9.4% on a year-over-year foundation, pushed by robust vacation journey demand. Adjusted working revenues (excluding third-party refinery gross sales) totaled $14.44 billion, up 5.7% yr over yr. Passenger revenues, which accounted for 82.4% of complete revenues, elevated 5% yr over yr at $12.82 billion.
J.B. Hunt Transport Providers (JBHT) reported fourth-quarter 2024 earnings per share of $1.53, which fell in need of the Zacks Consensus Estimate of $1.62. Nevertheless, the underside line elevated 4.1% on a year-over-year foundation.
JBHT’s complete working revenues of $3.15 billion narrowly beat the Zacks Consensus Estimate of $3.13 billion however declined 4.8% yr over yr. The decline was primarily as a consequence of decrease gas surcharge revenues and yield strain in its Intermodal section.
JBHT’s fourth-quarter 2024 working revenues of $2.78 billion, excluding gas surcharge income, decreased 2% from the year-ago reported quarter. Complete working earnings for the reported quarter elevated 2% yr over yr to $207 million.
Alaska Air Group, Inc. (ALK) reported stable fourth-quarter 2024results, whereby each earnings and revenues surpassed the Zacks Consensus Estimate. Quarterly earnings per share of 97 cents outpaced the Zacks Consensus Estimate of 47 cents and improved greater than 100% on a year-over-year foundation. The reported determine exceeded the guided vary of 40-50 cents.
ALK’s backside line benefitted from stable income progress, value and operational efficiency all through the quarter and vacation journey intervals. ALK additionally benefitted from a renegotiation of sure curiosity funds and favorability in its fourth-quarter tax fee.
ALK’s working revenues of $3.53 billion beat the Zacks Consensus Estimate of $3.51 billion. The highest line jumped 38.4% yr over yr, with passenger revenues accounting for 89.9% of the highest line and rising 37% owing to continued restoration in air-travel demand.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
Werner Enterprises, Inc. (WERN) : Free Stock Analysis Report
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