- Saia 1Q earnings per share (EPS) were $1.86, a significant drop from $3.38 in the previous year, and below the estimated $2.76.
- Company revenue rose by 4.3% year-over-year to $787.6 million, but did not meet the forecasted $811.4 million.
- The operating ratio increased to 91.1% from 84.4% year-over-year, worse than the expected 87.7%.
- Less-than-truckload (LTL) shipments totaled 2.17 million, marking a 2.9% year-over-year increase but missing estimates of 2.22 million shipments.
- LTL shipments per day grew by 4.6%, while LTL tons per day surged by 12.7%.
- Severe winter weather in the southern regions affected operations, particularly in high-density, profitable areas.
- The uncertain macroeconomic climate resulted in flat shipment growth from February to March, impacting revenue expectations.
- Despite challenges, Saia saw a 4.6% shipment growth for the quarter, mainly driven by recently opened terminals.
- Lower-than-anticipated revenues, adverse weather, and expanding network costs contributed to a decline in operating income.
- Saia shares fell by 4% in pre-market trading, trading at $340.11 with 2,350 shares exchanged.
- Analyst recommendations include 14 buys, 6 holds, and 1 sell.
A look at Saia Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Saia Inc, a company that provides trucking transportation services to various industries in the United States, has a mixed outlook based on the Smartkarma Smart Scores. With a Growth score of 4, Saia Inc is projected to have strong potential for expansion and development in the long term. This indicates that the company may experience significant growth opportunities ahead. However, on the flip side, Saia Inc received a Dividend score of 1, suggesting that the company’s ability to provide dividends to its shareholders is currently weak.
Additionally, Saia Inc has moderate scores in Resilience and Momentum, with scores of 3 for both factors. This implies that the company has a decent level of resilience to economic fluctuations and possesses a moderate level of momentum in its operations. While Saia Inc may face some challenges in terms of dividend payouts, its growth potential, resilience, and momentum could contribute positively to its long-term performance in the trucking transportation sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
