Covenant Logistics Group, Inc. (CVLG) Tops Q1 EPS by 2c, offers outlook

Covenant Logistics Group, Inc. (NASDAQ: CVLG) reported Q1 EPS of $0.84, $0.02 better than the analyst estimate of $0.82. Revenue for the quarter came in at $278.76 million versus the consensus estimate of $275.4 million.

Outlook

Mr. Parker concluded, “We are once again pleased with our quarterly results, which were achieved during a very difficult operating environment. Although we believe freight market fundamentals are slowly improving, the second quarter has provided little evidence of a 2024 recovery. Regardless of the operating environment, we remain focused on our strategic plan and the tactical steps it takes to make us better every day. We will continue to execute on opportunities to dive deeper into the supply chain, add value for our customers, and create efficiencies across our enterprise, which we believe will allow us to become a stronger, more profitable, and more predictable business.”

For earnings history and earnings-related data on Covenant Logistics Group, Inc. (CVLG) click here.

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