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Werner Enterprises (WERN)
:WERN
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.22Last Year’s EPS
0.39Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: -4.35%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While there are notable improvements in operational metrics such as One-Way utilization and Dedicated fleet growth, the company continues to face significant challenges, including a decline in overall revenue, higher costs, and elevated health insurance claims impacting earnings.Company Guidance
During the Werner Enterprises Q3 2024 earnings call, the company provided guidance that reflects both challenges and opportunities. Third-quarter revenues totaled $746 million, a 9% decrease year-over-year, with an adjusted EPS of $0.15. The adjusted operating margin was 2.9%, while the adjusted Truckload Transportation Services (TTS) operating margin, net of fuel surcharges, was 5.3%. The company experienced a decline in the average fleet size by 9%, but revenue per truck per week increased by 3.5% year-over-year. Dedicated fleet revenue per truck per week grew by 1.7%, and One-Way Truckload revenue per truck per week increased by 7%. Notably, health insurance claims negatively impacted EPS by over $0.05 compared to Q2. Werner is targeting $50 million in cost savings for 2024, with 80% of this realized by the third quarter. The company adjusted its full-year fleet guidance to a decrease of 6% to 8% and tightened its net CapEx guidance to between $240 million and $260 million. Werner remains optimistic about future rate increases and market improvements, anticipating cross-border, intermodal, and power-only services to maintain their growth momentum.Improvement in One-Way Utilization
One-Way utilization improved year-over-year for the sixth consecutive quarter, with rate per total mile turning positive for the first time in seven quarters.
Dedicated Fleet and Revenue Growth
Dedicated fleet size grew sequentially, with revenue per truck increasing and customer retention rate remaining strong at over 90%.
Logistics Segment Growth
Intermodal revenues increased 7% year-over-year due to 19% more shipments, despite a 10% decrease in revenue per shipment.
Cost Savings Program Progress
Realized $40 million in savings through initiatives focused on innovation and technology, with a revised target of $50 million for 2024.
Strong Balance Sheet and Cash Flow
Operating cash flow of $61 million for the quarter with year-to-date free cash flow at $53 million, up 300 basis points year-over-year.
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WERN 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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WERN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $38.16 | $37.15 | -2.65% |
| Jul 30, 2024 | $40.13 | $38.88 | -3.11% |
| Apr 30, 2024 | $33.80 | $34.76 | +2.84% |
| Feb 06, 2024 | $39.59 | $41.41 | +4.60% |
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 Werner Enterprises (WERN) report earnings?
Werner Enterprises (WERN) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Werner Enterprises (WERN) earnings time?
Werner Enterprises (WERN) earnings time is at Feb 06, 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 WERN EPS forecast?
WERN EPS forecast for the fiscal quarter 2024 (Q4) is 0.22.
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