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September 14, 2012
10:07 EDTXPO, HTLD, KNX, CHRW, JBHT, WERNWerner leads trucking stocks lower after guidance miss
Trucking company Werner Enterprises (WERN) and other trucking companies are retreating after Werner provided significantly lower than expected third quarter earnings per share guidance. The company expects its earnings per share to be 33c-36c, compared with analysts' consensus estimate of 44c. The company cited several factors that are negatively affecting its profits, including cost increases for truck depreciation and higher driver pay. Also weighing on the company's bottom line are higher fuel costs, rising health care costs, and increased maintenance equipment costs, the company said. Meanwhile, in a note to investors earlier today Jefferies research analyst Peter Nesvold reduced his 2012 earnings estimates for six trucking companies, including Werner. The latter company's guidance confirms that the trucking industry is weak, Nesvold wrote. However, many other data points indicate that the trucking industry is struggling, the analyst believes. For example, Nesvold noted that a week ago Jefferies found that diesel consumption data had reached its lowest point since December 2009, while the firm noted last Monday that truckload utilization levels continue to drop. In addition to Werner, Nesvold reduced his estimates on the following companies: C.H. Robinson (CHRW), Heartland Express (HTLD), J.B. Hunt (JBHT), Knight Transportation (KNX), and XPO Logistics (XPO). The analyst maintained a Buy rating on XPO and Hold ratings on the rest of the stocks. In mid-morning trading, Werner slumped 8.03% to $21.77, CH Robinson declined 0.81% to $56.78, Heartland dropped 3.33% to $13.36, J.B. Hunt lost 1.08% to $51.95, Knight tumbled 5.08% to $14.56, and XPO inched down 0.19% to $15.55.
News For WERN;CHRW;HTLD;JBHT;KNX;XPO From The Last 14 Days
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January 29, 2015
16:03 EDTWERNWerner reports Q4 EPS 45c, consensus 38c
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11:36 EDTJBHTJ.B. Hunt raises quarterly dividend 5% to 21c per share
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09:15 EDTWERNSenate Commerce, Science & Transportation Committee holds a hearing
The Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety and Security holds a hearing entitled, "Improving the Performance of our Transportation Networks: Stakeholder Perspectives" with EVP Mullen of Werner Enterprises, President & COO Fritz of Union Pacific Railroad and EVP Means of Cabela's on January 29 at 10 am. Webcast Link
January 28, 2015
09:03 EDTKNXKnight Transportation expects continued growth from trucking, logistics segments
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09:01 EDTKNXKnight Transportation reports Q4 EPS 40c, consensus 33c
Reports Q4 revenue $317.5M, consensus $299.48M.
January 26, 2015
10:00 EDTKNXOn The Fly: Analyst Downgrade Summary
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07:37 EDTKNXKnight Transportation downgraded at KeyBanc
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06:28 EDTKNXKnight Transportation downgraded to Hold from Buy at KeyBanc
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January 23, 2015
10:02 EDTJBHTOn the Fly: Analyst Downgrade Summary
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07:11 EDTJBHTJ.B. Hunt downgraded to Hold from Buy at Deutsche Bank
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January 22, 2015
08:05 EDTJBHTJ.B. Hunt reports Q4 EPS 93c, consensus 89c
Reports Q4 revenue $1.61B, consensus $1.63B.
January 20, 2015
09:00 EDTWERNWerner upgraded to Outperform from Peer Perform at Wolfe Research
07:46 EDTJBHTJ.B. Hunt outlook remains positive, says Bernstein
Although Bernstein believes that worries about J.B. Hunt based on concerns about its intermodal business amid lower oil prices is valid, Bernstein thinks the company's growth can remain intact as long as the railroads reduce their rates. It keeps an $89 price target and Outperform rating on the shares.

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