Transportation company Schneider (NYSE: SNDR) will be reporting results this Thursday after the bell. Here’s what investors should know.
Schneider missed analysts’ revenue expectations last quarter, reporting revenues of $1.40 billion, flat year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates.
Is Schneider a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Schneider’s revenue to grow 6.3% year on year, slowing from the 7.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Schneider has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Schneider’s peers in the ground transportation segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Knight-Swift Transportation delivered year-on-year revenue growth of 12.6%, beating analysts’ expectations by 2%, and Landstar reported revenues up 18.1%, topping estimates by 7%. Knight-Swift Transportation traded down 4.9% following the results.
Read our full analysis of Knight-Swift Transportation’s results here and Landstar’s results here.
In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the ground transportation stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Schneider is down 1.8% during the same time and is heading into earnings with an average analyst price target of $36.57 (compared to the current share price of $36.20).
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