Werner (WERN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WERN is bolstered by its proactive cost-cutting initiatives and tech-savvy efforts. However, the freight market downturn is a major headwind.
Werner Enterprises grapples with a freight market downturn, hurting the company's prospects. Escalated operating expenses are a major concern.
Werner Enterprises, Inc. has underperformed the market since mid-April 2023, with shares falling -19.12% while the S&P 500 rallied 35.66%. Despite some operational gains in Q2 2024, Werner's Non-GAAP EPS and revenue missed expectations, showcasing ongoing difficulties in the freight market. Werner's high P/E ratio, declining revenues, increased debt, and uncertain market conditions make it a 'sell' recommendation with better options available.
Werner's (WERN) bottom line is bolstered by falling operating expenses. Shareholder-friendly actions also bode well.
Werner's (WERN) second-quarter 2024 revenues are hurt by weakness across both its segments.
Werner Enterprises, Inc. (NASDAQ:WERN ) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Chris Neil – Senior Vice President-Pricing and Strategic Planning Derek Leathers – Chairman and Chief Executive Officer Chris Wikoff – Executive Vice President, Treasurer and Chief Financial Officer Conference Call Participants Eric Morgan – Barclays Bruce Chan – Stifel Daniel Imbro – Stephens Inc. Scott Group – Wolfe Research Adam Roszkowski – Banc of America Jason Seidl – TD Cowen Tom Wadewitz – UBS Bascome Majors – Susquehanna Chris Wetherbee – Wells Fargo Operator Good afternoon, and welcome to the Werner Enterprises Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
While the top- and bottom-line numbers for Werner (WERN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Werner Enterprises (WERN) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.52 per share a year ago.
Werner (WERN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
For 2024, Werner (WERN) now anticipates TTS truck growth to decline in the range of 6%-3% (prior view: between [3%] and breakeven).
Werner (WERN) reported earnings 30 days ago. What's next for the stock?