Covenant Logistics Group (CVLG)
NYSE:CVLG
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed cautious optimism: there are clear top-line and balance-sheet positives (revenue up 15.9%, net debt reduced by ~$51M, stronger pipeline and early Q2 demand improvement) and operational wins in Dedicated, Managed Freight and Warehouse revenue growth. However, near-term profitability is pressured (consolidated adjusted operating income down 11.5%, Expedited adjusted operating ratio 99.1%, ROIC down to 5%), with material headwinds from weather, fuel, driver pay inflation, elevated brokerage costs and equipment cost/timing that could offset some rate improvements. Management expects sequential quarterly improvement through 2026 but acknowledges several risks that temper near-term margin recovery.Company Guidance
Consolidated Revenue Growth
Consolidated freight revenue increased 15.9% year-over-year (≈$38.7M) to $281.9M in Q1 2026, driven in part by assets acquired in Q4 2025 (operating as Star Logistics Solutions).
Improved Net Indebtedness and Leverage
Net indebtedness decreased by approximately $51M to $245.3M as of March 31, 2026 versus December 31, 2025, producing an adjusted leverage ratio of ~1.8x and a debt-to-capital ratio of 37.6%; improvement aided by selling significant used equipment and limited new equipment purchases.
Dedicated Segment Momentum
Dedicated adjusted operating ratio improved to 95.5% from 98.1% a year ago; management reports a strengthening pipeline for dedicated (poultry and non-poultry) capacity and ongoing rate improvements in this segment.
Managed Freight and Warehouse Revenue Expansion
Managed Freight grew both revenue and adjusted operating income year-over-year (asset-light business); Warehouse freight revenue grew 14.6% YoY due to organic growth and a new key customer added in Q4 2025.
Recent Demand Improvement and Strong Pipeline
Management reported positive momentum in March and the first three weeks of April across business units, describing 2026 as a 'transition year' with expectation of sequential quarterly financial improvement and a mature pipeline of new customers and lanes with attractive pricing.
Minority Investment Contribution
Minority investment in TEL contributed pretax net income of $3.7M for the quarter (vs $3.8M prior-year period), providing a steady non-operating profit contribution.
Capital Discipline and Working Capital Actions
Company sold meaningful used equipment and minimized new purchases in Q1, improving cash flow and reducing leverage near-term; management emphasizes disciplined capital allocation going forward.
CVLG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CVLG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $31.19 | $34.07 | +9.23% |
Jan 29, 2026 | $25.79 | $24.54 | -4.84% |
Oct 22, 2025 | $21.76 | $19.85 | -8.77% |
Jul 23, 2025 | $24.07 | $24.97 | +3.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Covenant Logistics Group (CVLG) report earnings?
Covenant Logistics Group (CVLG) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Covenant Logistics Group (CVLG) earnings time?
Covenant Logistics Group (CVLG) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CVLG EPS forecast?
CVLG EPS forecast for the fiscal quarter 2026 (Q2) is 0.4.