La degradación de las ganancias por acción (EPS) se contendrá probablemente entre el 25% y el 30% en esta recesión
Covenant Logistics Group is hopeful this cycle won’t bring a material earnings decline, which was the norm in prior downturns.
Covenant Logistics Group missed fourth-quarter expectations even when excluding expenses incurred onboarding equipment.
Despite a murky economic outlook, Covenant remains optimistic about the company’s business prospects through 2023.
La segunda mitad podría producir presiones de costes a
través de los salarios, los equipos y las reparaciones en
carretera
Covenant Logistics Group said revenue for the second half of 2022 could be impacted by wage pressures and higher equipment and over-the-road repair costs.
The Chattanooga, Tennessee-based truckload carrier said the outlook is for continued operational progress during 2022.
Covenant Logistics Group’s managed freight segment revenue grew 89% year-over-year during the third quarter, to $90 million.
Chattanooga-based Covenant benefited from an exceptionally strong freight market resulting from growing economic activity, low inventories and supply chain disruptions.
Cowen raises price projection for the truckload carrier after its announced third-quarter forecast
