On Wednesday 23rd October 2024, Covenant Logistics Group (NASDAQ: CVLG) will be releasing its third quarter financial results. This much awaited announcement will be made after market close.
Financial analysts on Wall Street are predicting that the firm is about to reveal an estimated $1.10 profit per share for the quarter. Additionally, the company is projected to announce a total revenue of $299.81 million for this period.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share income of $1.13. This figure was a result of the company's total revenue, which reached an impressive $288.72 million million during that specific period.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $1.16 billion. At the same time, they are expecting the company to achieve per share profit of $4.07 for the fiscal year ahead.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.04 | -2.8% | 287.50 M | +4.9% |
| Q1 2024 | $0.84 | -9.7% | 278.76 M | +4.5% |
| Q4 2023 | $1.07 | -21.9% | 273.99 M | -7.5% |
| Q3 2023 | $1.13 | -25.7% | 288.72 M | -7.4% |
| Q2 2023 | $1.07 | -34.4% | 274.02 M | -13.7% |
| *Growth on year-over-year basis | ||||
CVLG has scheduled a conference call on 24th October 2024 at 10:00 AM eastern time to discuss the third quarter financial results and other related information.
The previous trading day saw Covenant Logistics Group (CVLG) shares trading between $51.40 and $52.92, besides a volume of 43.20 thousand shares. The stock closed Monday's regular trading session at $51.99, showing 1.4 percent drop.