U.S. Xpress (USX) got here out with quarterly earnings of $0.08 per share, lacking the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.18 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -38.46%. 1 / 4 in the past, it was anticipated that this firm would publish earnings of $0.06 per share when it really produced earnings of $0.05, delivering a shock of -16.67%.
Over the past 4 quarters, the corporate has not been in a position to surpass consensus EPS estimates.
U.S. Xpress, which belongs to the Zacks Transportation – Companies business, posted revenues of $475.02 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 3.92%. This compares to year-ago revenues of $422.48 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s quick value motion based mostly on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
U.S. Xpress shares have added about 27.1% because the starting of the 12 months versus the S&P 500’s acquire of 16%.
What’s Subsequent for U.S. Xpress?
Whereas U.S. Xpress has outperformed the market thus far this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a formidable observe document of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for U.S. Xpress was unfavorable. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Sturdy Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the entire checklist of at present’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.23 on $457.92 million in revenues for the approaching quarter and $0.79 on $1.87 billion in revenues for the present fiscal 12 months.
Traders ought to be aware of the truth that the outlook for the business can have a fabric affect on the efficiency of the inventory as effectively. By way of the Zacks Trade Rank, Transportation – Companies is at present within the prime 23% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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U.S. Xpress Enterprises, Inc. (USX): Free Inventory Evaluation Report
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