Universal Logistics (ULH) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Universal Logistics (ULH) closed at $34.21, marking a +0.74% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.59%. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the trucking and logistics company had lost 8.83% in the past month. In that same time, the Transportation sector lost 3.15%, while the S&P 500 lost 4.33%.
Universal Logistics will be looking to display strength as it nears its next earnings release. In that report, analysts expect Universal Logistics to post earnings of $1.31 per share. This would mark year-over-year growth of 42.39%. Meanwhile, our latest consensus estimate is calling for revenue of $461.2 million, down 1.32% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.40 per share and revenue of $2.02 billion, which would represent changes of +98.76% and +15.24%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Universal Logistics. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Universal Logistics is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Universal Logistics is currently trading at a Forward P/E ratio of 5.31. This represents a discount compared to its industry's average Forward P/E of 10.91.
The Transportation - Services industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ULH in the coming trading sessions, be sure to utilize Zacks.com.
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Universal Logistics Holdings, Inc. (ULH) : Free Stock Analysis Report
