For the current quarter, the 21.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.32 a share, which would compare with $0.37 in the same quarter last year. They have a high estimate of $0.35 and a low estimate of $0.27. Revenue for the period is expected to total nearly $1.01B from $1.06B the year-ago period.
For the full year, 20.00 Wall Street analysts forecast this company would deliver earnings of 1.44 per share, with a high estimate of $1.55 and a low estimate of $1.33. It had reported earnings per share of $1.49 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $4.11B versus 4.23B in the preceding year.
The analysts project the company to maintain annual growth of around 9.00% percent over the next five years as compared to an average growth rate of 9.59% percent expected for its competitors in the same industry.
Among the 18 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for SWFT is $21.22 but some analysts are projecting the price to go as high as $27.00. If the optimistic analysts are correct, that represents a 69 percent upside potential from the recent closing price of $15.94. Some sell-side analysts, particularly the bearish ones, have called for $15.00 price targets on shares of Swift Transportation Co (NYSE:SWFT) .
In the last reported results, the company reported earnings of $0.37 per share, while analysts were calling for share earnings of $0.37. It was an earnings surprise of 0.00%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Swift Transportation Company operates as a multi-faceted transportation services company in North America. The company operates through four segments: Truckload, Dedicated, Swift Refrigerated, and Intermodal. The Truckload segment provides services through one-way movements over irregular routes utilizing companys and owner-operator tractors with dry van, flatbed, and specialized trailing equipment in the United States, Mexico, and Canada. The Dedicated segment offers tailored solutions under long-term contracts utilizing refrigerated, dry van, flatbed, and other specialized trailing equipment. The Swift Refrigerated segment primarily offers shipments for customers who require temperature-controlled trailers. This segments shipments include one-way movements over irregular routes, as well as dedicated truck operations. The Intermodal segment moves freight over the rail in containers and other trailing equipment; and provides drayage services to transport loads between the railheads and customer locations. The company also offers logistics and freight brokerage services, as well as support services to its customers and owner-operators, including repair and maintenance shop services, equipment leasing, and insurance. As of December 31, 2015, it operated a fleet of 15,211 company tractors and 4,653 owner-operator tractors; 65,233 trailers; and 9,150 intermodal containers from 40 terminals near key freight centers and traffic lanes. Swift Transportation Company serves various customers primarily in the retail, food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. The company was formerly known as Swift Holdings Corp. Swift Transportation Company was founded in 1966 and is headquartered in Phoenix, Arizona.
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