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Covenant Logistics Group (CVLG)
NYSE:CVLG
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.41Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 23, 2025
|% Change Since: -23.10%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced view with both positive growth in revenue and warehousing profitability, but also challenges in the Dedicated segment and reduced income from TEL investment. Optimism for future performance was evident with anticipation of improved market conditions and successful rate negotiations.Company Guidance
During the Covenant Logistics Group Q4 2024 earnings call, several key metrics and guidance were highlighted. The company's consolidated freight revenue grew by 4.6% year-over-year, primarily driven by new multiyear customer agreements in the Dedicated segment. Consolidated adjusted operating income rose by 4.7%, with significant contributions from margin improvements in the Asset-Light segments. The company's net indebtedness decreased by $28.7 million to $219.6 million, resulting in an adjusted leverage ratio of approximately 1.5x and a debt-to-capital ratio of 33.4%. The average age of the tractor fleet increased slightly to 20 months. Despite some challenges, such as prolonged customer shutdowns and weather disruptions, Covenant Logistics expects consolidated earnings to improve in 2025, driven by better pricing negotiations and strategic growth in specialized dedicated business segments. The company aims to enhance long-term returns by optimizing customer and freight mix and capitalizing on niche business growth opportunities.Consolidated Freight Revenue Growth
Consolidated freight revenue grew by 4.6% year-over-year due to new multiyear customer agreements in the Dedicated segment.
Warehouse Profit Improvement
Warehousing improved its adjusted operating profit by 56% compared to the prior year, achieving an adjusted operating ratio of 90.7%.
Debt Reduction
Net indebtedness decreased by $28.7 million to $219.6 million, with an adjusted leverage ratio of approximately 1.5x and a debt-to-capital ratio of 33.4%.
Positive Bid Wins and Rate Increases
Achieved a 2.5% rate increase on 50-55% of business and won more bid numbers in the first three weeks of the year than in six months last year.
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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
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CVLG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $28.87 | $28.04 | -2.87% |
| Oct 23, 2024 | $25.65 | $25.56 | -0.35% |
| Jul 24, 2024 | $25.20 | $27.29 | +8.29% |
| Apr 24, 2024 | $21.88 | $22.15 | +1.23% |
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.
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FAQ
When does Covenant Logistics Group (CVLG) report earnings?
Covenant Logistics Group (CVLG) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Covenant Logistics Group (CVLG) earnings time?
Covenant Logistics Group (CVLG) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVLG EPS forecast?
CVLG EPS forecast for the fiscal quarter 2025 (Q1) is 0.41.
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