Covenant Logistics Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Covenant Logistics Group Inc CVLG.N reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of four analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 48 cents to 51 cents per share.

• Revenue rose 1.2% to $277.33 million from a year ago; analysts expected $284.91 million.

• Covenant Logistics Group Inc's reported EPS for the quarter was 24 cents​.

• The company reported quarterly net income of $6.72 million.

• Covenant Logistics Group Inc shares had risen by 3.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the ground freight & logistics peer group is also "buy"

Wall Street's median 12-month price target for Covenant Logistics Group Inc is $35.50

This summary was machine generated from LSEG data January 23 at 10:55 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)