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Werner Enterprises
(NASDAQ:WERN)
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Rating:56Neutral
Price Target:
$42.00
▼(-0.99% Downside)
Action:Reiterated
Date:07/29/26
The score is held back primarily by weakened financial performance (compressed margins, recent losses, and leverage trending higher) and only mixed valuation support (negative P/E, modest yield). Offsetting these are constructive earnings-call signals (raised guidance, productivity gains, accretive integration, and strong reported free cash flow/liquidity) and a technical picture that is weak near-term but still supportive versus longer-term averages.
Positive Factors
Dedicated business growth & retention
Rapid dedicated segment growth and >95% retention indicate a sticky, contract-like revenue stream. Higher dedicated mix boosts predictable utilization, reduces spot exposure and supports steadier margins and cash flows over the next several quarters as trucks scale and pricing per truck improves.
Negative Factors
Margin compression and slight net loss
Sharp margin contraction and a move to slight net losses undermine return on capital and reduce internal funding capacity. Persistently thinner gross margins increase sensitivity to fuel, labor, or pricing shocks and constrain the pace at which earnings can sustainably recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Dedicated business growth & retention
Rapid dedicated segment growth and >95% retention indicate a sticky, contract-like revenue stream. Higher dedicated mix boosts predictable utilization, reduces spot exposure and supports steadier margins and cash flows over the next several quarters as trucks scale and pricing per truck improves.
Read all positive factors
Werner Enterprises (WERN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.20B
Dividend Yield1.52%
Average Volume (3M)1.09M
Price to Earnings (P/E)―
Beta (1Y)0.90
Revenue Growth9.64%
EPS GrowthN/A
CountryUS
Employees12,031
SectorIndustrials
Sector Strength72
IndustryTrucking
Share Statistics
EPS (TTM)-0.15
Shares Outstanding59,950,115
10 Day Avg. Volume1,574,393
30 Day Avg. Volume1,085,293
Financial Highlights & Ratios
PEG Ratio0.87
Price to Book (P/B)1.33
Price to Sales (P/S)0.61
P/FCF Ratio-26.54
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$43.85Price Target Upside3.36% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)1.06
Revenue Forecast (FY)$3.63B
Werner Enterprises Business Overview & Revenue Model
Company Description
Werner Enterprises, Inc. is a prominent transportation and logistics company that specializes in the movement of full truckload shipments for a wide range of goods. Operating both domestically across U.S. states and internationally, including Mexi...
How the Company Makes Money
Werner Enterprises makes money primarily by moving customers’ freight and charging for transportation and logistics services. Its revenue is generated through (1) asset-based truckload transportation, where Werner uses its own tractors, trailers, ...
Werner Enterprises Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call communicated a predominantly positive operational and financial momentum: strong consolidated revenue growth (+24%), substantial adjusted operating income and margin expansion, meaningful productivity gains from restructuring (notably 1-way) and rapid, accretive integration of First Fleet with synergy progress. Cash flow and liquidity strengthened materially. Offsetting headwinds include logistics margin pressure, lower used-equipment gains, continued driver supply constraints and regulatory-driven market uncertainty. Management raised revenue guidance and expects accelerating earnings in H2, while acknowledging certain delayed fleet growth and elevated near-term CapEx to modernize the fleet.Positive Updates
Strong Consolidated Revenue and Profit Growth
Second quarter revenues totaled $934 million, up 24% year-over-year. Adjusted operating income was $27.6 million, up 67% year-over-year, and adjusted operating margin expanded to 3.0%, an increase of 80 basis points. Adjusted EPS was $0.22, up $0.14 versus prior year.
Negative Updates
Logistics Margin Pressure
Logistics segment adjusted operating margin was negative 1.3%, a 400 basis point decline year-over-year driven primarily by gross margin pressure in truckload brokerage. Higher purchase transportation costs reduced segment gross margin by ~260 basis points. Brokerage volumes were down 29% with 26% higher revenue per load, and April-May were particularly challenging before June improvement.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Consolidated Revenue and Profit Growth
Second quarter revenues totaled $934 million, up 24% year-over-year. Adjusted operating income was $27.6 million, up 67% year-over-year, and adjusted operating margin expanded to 3.0%, an increase of 80 basis points. Adjusted EPS was $0.22, up $0.14 versus prior year.
Read all positive updates
Company Guidance
Werner raised and refined several pieces of 2026 guidance: it bumped full‑year dedicated revenue‑per‑truck guidance from flat–+3% to +3%–+5% and gave 3Q 1‑way revenue-per-total‑mile guidance of +10%–+13% YoY (Q2 was +10.4%); it trimmed full‑year average fleet growth to +16%–+18% (from +23%–+28%); increased net CapEx to $215M–$250M (from $185M–$225M); narrowed expected gains on sale of used equipment to $10M–$14M (from $8M–$18M) with H1 gains of $5.2M; maintained a full‑year effective tax rate of 25.5%–26.5% (Q2 was 27.3%); expects net interest expense of $40M–$45M; reiterated an $18M First Fleet synergy target (≈$3M realized YTD, ~$7M–$9M actions to be realized in 2026); and emphasized continued free‑cash‑flow positivity (Q2 FCF $94M, H1 FCF $176M), pro‑forma net leverage ~2x and liquidity of $657M (cash $57M, $600M available).Werner Enterprises Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
56
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.07B | 2.97B | 3.03B | 3.28B | 3.29B | 2.73B |
| Gross Profit | 258.32M | 172.42M | 338.63M | 423.65M | 521.59M | 477.93M |
| EBITDA | 320.29M | 304.58M | 372.10M | 480.82M | 616.54M | 618.14M |
| Net Income | -8.56M | -14.40M | 34.23M | 112.38M | 241.26M | 259.05M |
Balance Sheet | ||||||
| Total Assets | 3.26B | 2.89B | 3.05B | 3.16B | 3.18B | 2.68B |
| Cash, Cash Equivalents and Short-Term Investments | 61.54M | 59.92M | 40.75M | 61.72M | 107.24M | 54.20M |
| Total Debt | 1.04B | 752.00M | 701.76M | 685.26M | 736.04M | 456.51M |
| Total Liabilities | 1.88B | 1.50B | 1.56B | 1.59B | 1.70B | 1.32B |
| Stockholders Equity | 1.35B | 1.36B | 1.46B | 1.53B | 1.44B | 1.33B |
Cash Flow | ||||||
| Free Cash Flow | -43.73M | -68.53M | -84.06M | -124.42M | -58.54M | -38.03M |
| Operating Cash Flow | 235.91M | 181.83M | 329.73M | 474.37M | 448.71M | 332.82M |
| Investing Cash Flow | -367.95M | -171.57M | -241.45M | -434.94M | -514.33M | -397.30M |
| Financing Cash Flow | 139.93M | 7.30M | -105.72M | -87.07M | 118.03M | 89.67M |
Werner Enterprises Technical Analysis
Negative
42.42
Price Trends
42.40
Negative
37.15
Negative
33.58
Positive
Market Momentum
0.83
Positive
44.72
Neutral
23.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WERN, the sentiment is Negative. The current price of 42.42 is below the 20-day moving average (MA) of 43.19, above the 50-day MA of 42.40, and above the 200-day MA of 33.58, indicating a neutral trend. The MACD of 0.83 indicates Positive momentum. The RSI at 44.72 is Neutral, neither overbought nor oversold. The STOCH value of 23.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WERN.
Werner Enterprises Risk Analysis
Werner Enterprises disclosed 18 risk factors in its most recent earnings report. Werner Enterprises reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Werner Enterprises Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $6.17B | 63.47 | 3.24% | 1.06% | 5.54% | -21.38% | |
58 Neutral | $3.15B | 61.26 | 4.30% | 0.31% | 3.70% | -89.58% | |
57 Neutral | $1.01B | -23.78 | -5.66% | 0.56% | -23.49% | -54.25% | |
56 Neutral | $2.20B | -49.68 | -3.39% | 1.32% | 9.64% | ― | |
52 Neutral | $1.22B | 98.32 | 1.65% | 1.47% | -6.87% | -39.59% | |
44 Neutral | $388.16M | -3.59 | -18.94% | 2.66% | -11.11% | -231.01% |
* Industrials Sector Average
WERN
Werner Enterprises
36.88
9.64
35.36%
HTLD
Heartland Express
12.73
4.97
64.09%
MRTN
Marten Transport
14.80
2.87
24.02%
ARCB
ArcBest
142.07
69.34
95.36%
ULH
Universal Logistics
13.38
-9.99
-42.75%
SNDR
Schneider National
34.14
10.04
41.64%
Werner Enterprises Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Werner Enterprises Expands Receivables-Backed Credit Facility Capacity
Positive
Jun 10, 2026
On June 5, 2026, Werner Receivables Company, a subsidiary of Werner Enterprises, amended its Loan and Security Agreement with Wells Fargo, GTA Funding and TD Bank, increasing its maximum funding limit to $350 million, with the potential to rise to...
Executive/Board ChangesShareholder Meetings
Werner Enterprises Announces Board Changes and Governance Approvals
Positive
May 13, 2026
On May 12, 2026, Werner Enterprises announced that director Carmen A. Tapio retired from its board of directors, with the company stating her departure was not due to any disagreement over operations, policies or practices. Her retirement coincide...
Business Operations and Strategy
Werner Enterprises Highlights Strategy at Upcoming Investor Conferences
Positive
May 11, 2026
On May 11, 2026, Werner Enterprises announced it would participate in two upcoming investment conferences, highlighting its engagement with the investment community and emphasis on transparent communication with stakeholders. The company will join...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.