TFI International Inc. (TFII) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, TFI International Inc. (TFII) reported revenue of $1.91 billion, down 14.8% over the same period last year. EPS came in at $1.57, compared to $2.01 in the year-ago quarter.
The reported revenue represents a surprise of -1.04% over the Zacks Consensus Estimate of $1.93 billion. With the consensus EPS estimate being $1.74, the EPS surprise was -9.77%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how TFI International Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Adjusted Operating Ratio - Truckload: 87.7% versus 83.9% estimated by three analysts on average.
Adjusted Operating Ratio: 88.5% compared to the 87.2% average estimate based on three analysts.
Adjusted Operating Ratio - Less-Than-Truckload: 88.1% versus 87.7% estimated by three analysts on average.
Canadian LTL - Average weight per shipment: 2,141 lbs compared to the 2,141.24 lbs average estimate based on two analysts.
Canadian LTL - Tonnage: 636 KTons versus 603.83 KTons estimated by two analysts on average.
Revenue before fuel surcharge: $1.63 billion versus $1.60 billion estimated by four analysts on average.
Revenue- Less-Than-Truckload: $717.70 million compared to the $716.55 million average estimate based on three analysts. The reported number represents a change of -12.2% year over year.
Revenue- Truckload: $401.50 million versus the three-analyst average estimate of $427.31 million. The reported number represents a year-over-year change of -21.3%.
Revenue- Eliminations: -$14.30 million versus the three-analyst average estimate of -$12.77 million. The reported number represents a year-over-year change of -0.9%.
Revenue- Package and Courier: $111.70 million versus the three-analyst average estimate of $117.95 million. The reported number represents a year-over-year change of -7.1%.
Revenue- Logistics: $416.20 million versus $364.82 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.9% change.
Fuel surcharge: $278.15 million versus $272.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -27.7% change.
View all Key Company Metrics for TFI International Inc. here>>>
Shares of TFI International Inc. have returned -9.2% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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TFI International Inc. (TFII) : Free Stock Analysis Report
