Werner Enterprises Second Quarter 2024 Earnings: Misses Expectations

Werner Enterprises (NASDAQ:WERN) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$760.8m (down 6.2% from 2Q 2023).
• Net income: US$9.47m (down 68% from 2Q 2023).
• Profit margin: 1.2% (down from 3.7% in 2Q 2023).
• EPS: US$0.15 (down from US$0.47 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Werner Enterprises Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

Be aware that Werner Enterprises is showing 4 warning signs in our investment analysis that you should know about...

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