Yahoo Finance Earnings To Watch: Schneider National (SNDR) Reports Q2 Results Tomorrow
Transportation company Schneider (NYSE:SNDR) will be reporting results tomorrow before market hours. Here's what to look for.
Schneider National missed analysts' revenue expectations by 1.9% last quarter, reporting revenues of $1.32 billion, down 7.7% year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates and a miss of analysts' Logistics revenue estimates.
Is Schneider National a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Schneider National's revenue to be flat year on year at $1.35 billion, improving from the 22.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Schneider National has missed Wall Street's revenue estimates six times over the last two years.
Looking at Schneider National's peers in the ground transportation segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Universal Logistics delivered year-on-year revenue growth of 12%, meeting analysts' expectations, and Landstar reported a revenue decline of 10.7%, falling short of estimates by 1.8%. Universal Logistics traded down 4.4% following the results.
Read our full analysis of Universal Logistics's results here and Landstar's results here.
There has been positive sentiment among investors in the ground transportation segment, with share prices up 9.4% on average over the last month. Schneider National is up 12.4% during the same time and is heading into earnings with an average analyst price target of $25 (compared to the current share price of $26.8).
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