Covenant Logistics Group Inc (CVLG, Financial) is set to release its Q3 2024 earnings on Oct 24, 2024. The consensus estimate for Q3 2024 revenue is $301.88 million, and the earnings are expected to come in at $1.08 per share. The full year 2024's revenue is expected to be $1.16 billion and the earnings are expected to be $3.37 per share. More detailed estimate data can be found on the Forecast page.
Covenant Logistics Group Inc (CVLG, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Covenant Logistics Group Inc (CVLG) have seen a downward revision from $1.18 billion to $1.16 billion for the full year 2024, and from $1.28 billion to $1.26 billion for 2025. Similarly, earnings estimates have been adjusted downward from $3.82 per share to $3.37 per share for the full year 2024, and from $5.33 per share to $5.09 per share for 2025.
Covenant Logistics Group Inc (CVLG, Financial) Reported History
In the previous quarter of 2024-06-30, Covenant Logistics Group Inc's (CVLG) actual revenue was $287.50 million, which missed analysts' revenue expectations of $292.63 million by -1.76%. Covenant Logistics Group Inc's (CVLG) actual earnings were $0.88 per share, which missed analysts' earnings expectations of $1.02 per share by -13.30%. After releasing the results, Covenant Logistics Group Inc (CVLG) was up by 8.25% in one day.
Covenant Logistics Group Inc (CVLG, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 3 analysts, the average target price for Covenant Logistics Group Inc (CVLG) is $70.33 with a high estimate of $71 and a low estimate of $70. The average target implies an upside of 33.84% from the current price of $52.55.
Based on GuruFocus estimates, the estimated GF Value for Covenant Logistics Group Inc (CVLG, Financial) in one year is $44.30, suggesting a downside of -15.70% from the current price of $52.55.
Based on the consensus recommendation from 4 brokerage firms, Covenant Logistics Group Inc's (CVLG, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies a strong buy, and 5 denotes a sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
