Saia Inc reports results for the quarter ended June 30 - Earnings Summary

• Saia Inc SAIA.OQ reported quarterly adjusted earnings of $2.67​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $3.83. The mean expectation of nineteen analysts for the quarter was for earnings of $2.39 per share. Wall Street expected results to range from $2.27 to $2.46 per share.

• Revenue fell 0.7% to $817.12 million from a year ago; analysts expected $810.78 million.

• Saia Inc's reported EPS for the quarter was $2.67​.

• The company reported quarterly net income of $71.39 million.

• Saia Inc shares had risen by 13.8% this quarter and lost 31.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 28.9% in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 10 "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 Saia Inc is $297.00, about 5% below its last closing price of $311.79

This summary was machine generated from LSEG data July 25 at 01:31 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)