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Covenant Logistics Group (CVLG)
NYSE:CVLG
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.43Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 5.21%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of both positive and negative aspects. While there was notable growth in the Dedicated and Managed Freight segments, and TEL's performance was strong, the company faced significant challenges with revenue declines, reduced operating income, and impacts from weather and avian influenza. The balance of these factors suggests a mixed outlook.Company Guidance
During the Covenant Logistics Group Q1 2025 earnings call, guidance was provided on several key metrics and strategic directions. The company reported a 1.8% decline in consolidated freight revenue to $243.2 million, with managed freight revenue decreasing by $6 million, though this segment improved its adjusted operating income by $0.8 million. Consolidated adjusted operating income dropped by 26.6% to $10.9 million, largely due to adverse operating conditions. The adjusted leverage ratio was approximately 1.55 times, with a debt-to-capital ratio of 33.7%. The expedited segment saw a 5.3% reduction in average fleet size to 852 tractors, while the dedicated fleet grew by 16.7% or 212 units, increasing freight revenue by $9.5 million. Despite challenges from avian influenza and weather, the company plans to focus on improving margins through rate increases, exiting less profitable business, and expanding its specialized dedicated services. Covenant also noted a 6% decrease in warehouse segment revenue, with a 42% drop in adjusted operating profit, but expects improvements throughout the year. The company remains optimistic about its strategy and anticipates better operational conditions in the coming quarters.Dedicated Segment Growth
Dedicated experienced average fleet growth in the first quarter of 212 units or approximately 16.7% and grew freight revenue by $9.5 million or 13.1% compared with the 2024 quarter.
Managed Freight Profitability Exceeds Expectations
Managed freight exceeded profitability expectations for the quarter by focused execution on profitable freight, assisting the expedited fleet with overflow capacity, and reducing insurance-related claims expense.
TEL Minority Investment Performance
TEL contributed pre-tax net income of $3.8 million for the quarter compared to $3.7 million in the prior year period. TEL's revenue increased by 25% year-over-year.
Improvement in Expedited Segment
The expedited segment yielded a 94.2 adjusted operating ratio, with improvement witnessed late in the period as operating conditions improved.
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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 |
|---|---|---|---|
| Apr 23, 2025 | $18.80 | $20.76 | +10.43% |
| 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% |
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 Jul 23, 2025, TBA Not Confirmed.
What is Covenant Logistics Group (CVLG) earnings time?
Covenant Logistics Group (CVLG) earnings time is at Jul 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 (Q2) is 0.43.
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