Werner (WERN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, Werner Enterprises (WERN) reported revenue of $811.1 million, down 3% over the same period last year. EPS came in at $0.52, compared to $0.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $807.91 million, representing a surprise of +0.39%. The company delivered an EPS surprise of -8.77%, with the consensus EPS estimate being $0.57.
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 Werner performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Ratio: 94.2% compared to the 92.14% average estimate based on three analysts.
Truckload Transportation Services - Operating Ratio: 92.1% versus 89.35% estimated by three analysts on average.
Truckload Transportation Services - Average revenues per truck per week: $4,483 compared to the $4,485.32 average estimate based on two analysts.
Truckload Transportation Services - Average trucks in service: 8351 versus the two-analyst average estimate of 8359.79.
Revenues- Werner Logistics: $224.55 million versus the four-analyst average estimate of $224.90 million. The reported number represents a year-over-year change of +10.2%.
Revenues- Truckload Transportation Services- Trucking revenues, net of fuel surcharge: $486.63 million compared to the $487.56 million average estimate based on four analysts. The reported number represents a change of -0.3% year over year.
Revenues- Truckload Transportation Services: $570.19 million compared to the $582.22 million average estimate based on four analysts. The reported number represents a change of -7.1% year over year.
Revenues- Other: $19.38 million versus $18.18 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change.
Revenues- Truckload Transportation Services- Trucking fuel surcharge revenues: $76.68 million versus $91.03 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -35.4% change.
Revenues- Truckload Transportation Services- Non-trucking and other: $6.89 million versus $6.60 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
Revenues- Corporate: $0.50 million versus $0.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
Trucking revenues, net of fuel surcharge- Dedicated: $309.80 million versus $314.44 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.
View all Key Company Metrics for Werner here>>>
Shares of Werner have returned +6.5% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Werner Enterprises, Inc. (WERN) : Free Stock Analysis Report
