Radiant Logistics beats Q4 estimates, shares jump 20%
EarningsAnalystAnalyst
Radiant Logistics reported fourth-quarter results after the previous day's close, with earnings per share and revenue both beating expectations, sending the stock up 20.10% to $9.86. Adjusted earnings per share came in at $0.15, ahead of the $0.08 expected, while revenue was $261 million against expectations of $231 million, and adjusted EBITDA was $10.4 million versus the $8.91 million expected. The company said that even as headwinds persisted in the ocean freight market, spot rates firmed late in the quarter, and with shipping lines continuing to restrain capacity, it sees early signs that the prolonged rate slump is beginning to stabilize. The analyst rates the stock a buy with a $10 price target, raised the fiscal 2027 full-year earnings per share estimate to $0.38 from $0.37, and expects $0.45 in fiscal 2028, an 18% increase. The analyst expects M&A activity to pick up in 2027 and 2028, saying that with a newly established undrawn $200 million credit facility and free cash flow generation of $22 million to $25 million a year over the next two years, there is potential for added growth through acquisitions, and applying an 11x multiple to a fiscal 2028 EBITDA estimate of $45 million implies 22% upside from the current share price.
