Transportation and Logistics Stocks Post Strong Q1 Earnings, Beating Revenue Estimates by 2.2%

Earnings
โดย StockStory·Read original
Summary · why it matters

The 27 transportation and logistics stocks tracked by StockStory reported a very strong first quarter, with aggregate revenues beating analysts' consensus estimates by 2.2%. CSX posted revenues of $3.48 billion, up 1.7% year on year and in line with expectations, while delivering a solid beat on adjusted operating income and EPS. Genco achieved the biggest analyst estimate beat and fastest revenue growth among its peers, with revenues of $72.02 million surging 73% year on year. Universal Logistics was the weakest performer, with revenues of $367.6 million down 3.9% year on year and missing estimates by 1.3%. Expeditors reported revenues of $2.78 billion, up 4.4% and topping expectations by 6.5%, and Hertz posted revenues of $2.00 billion, up 10.5% and beating estimates by 5.9%. Share prices of the group have held steady, rising 4.6% on average since the latest earnings results.

Impact on stocks 5

Industrials± Mixed · 5 stocks
Genco Shipping & Trading Ltd
GNK
▲ PositiveCapitalrelevance

Genco achieved the biggest analyst estimate beat and fastest revenue growth among peers, with revenues surging 73% year on year.

CSX Corporation
CSX
▲ PositiveCapitalrelevance

CSX reported Q1 revenues in line with expectations and a solid beat on adjusted operating income and EPS.