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Saia Inc (SAIA)
NASDAQ:SAIA
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.78Last Year’s EPS
3.33Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 17.48%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a strong quarter for Saia with record revenue and significant shipment growth. The expansion of the terminal network and strong contractual renewals are notable achievements, indicating strategic growth and customer retention. However, there are challenges including a deterioration in the operating ratio, increased operating expenses, and a decline in diluted earnings per share. The company is also facing external challenges such as weather impacts. Overall, while there are positive growth indicators, the financial and operational challenges keep the sentiment balanced.Company Guidance
During Saia's Q3 2024 earnings call, the company reported strong year-over-year growth metrics, despite a challenging macroeconomic environment. They achieved a record third-quarter revenue of $842.1 million, marking an 8.6% increase from the previous year. Daily shipments averaged 37,200, an 8.5% rise, with revenue per shipment, excluding fuel surcharge, increasing by 0.9%. However, the operating ratio deteriorated by 170 basis points to 85.1%, attributed to increased expenses, including a 15.5% rise in salaries and benefits. Notably, Saia opened 11 new terminals, expanding their service to all contiguous 48 states, which was a record for any quarter. The company also maintained strong contractual renewals at 7.9% and anticipates capital expenditures of about $1 billion for the year, emphasizing their long-term strategic focus on service expansion and customer satisfaction.Record Third Quarter Revenue
Third quarter revenue reached $842 million, marking an 8.6% increase from the previous year and setting a record for any third quarter in the company's history.
Significant Shipment Growth
The company averaged approximately 37,200 shipments per day, an 8.5% increase compared to last year.
Expansion of Terminal Network
Saia opened 11 new terminals in the third quarter, a record for any quarter in the company's history, expanding service to all contiguous 48 states.
Strong Contractual Renewals
Contractual renewals remained robust at 7.9%, indicating strong customer retention and pricing power.
Positive Progress in New Terminals
Terminals opened in the second quarter continued to grow and became more efficient, improving their operating ratio by more than 10 points sequentially.
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SAIA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SAIA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $414.43 | $461.65 | +11.39% |
| Jul 26, 2024 | $489.11 | $396.43 | -18.95% |
| Apr 26, 2024 | $543.02 | $428.81 | -21.03% |
| Feb 02, 2024 | $467.45 | $534.51 | +14.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Saia Inc (SAIA) report earnings?
Saia Inc (SAIA) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Saia Inc (SAIA) earnings time?
Saia Inc (SAIA) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SAIA EPS forecast?
SAIA EPS forecast for the fiscal quarter 2024 (Q4) is 2.78.
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