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Werner Enterprises Q3 2023 Earnings Report

Werner Enterprises logo
$35.80 -0.57 (-1.57%)
(As of 12/20/2024 05:31 PM ET)

Werner Enterprises EPS Results

Actual EPS
$0.42
Consensus EPS
$0.48
Beat/Miss
Missed by -$0.06
One Year Ago EPS
$0.90

Werner Enterprises Revenue Results

Actual Revenue
$817.74 million
Expected Revenue
$812.72 million
Beat/Miss
Beat by +$5.02 million
YoY Revenue Growth
-1.20%

Werner Enterprises Announcement Details

Quarter
Q3 2023
Time
After Market Closes

Conference Call Resources

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Werner Enterprises Earnings Headlines

Wells Fargo Keeps Their Sell Rating on Werner Enterprises (WERN)
What most folks don’t know about oil (BIG missed opportunity)
$1 Trillion… That’s how much Big Tech is set to spend on AI investment in the coming months—according to Goldman Sachs. This investment is driving an A.I. boom that’s being felt across many industries… Including a specific group of energy tickers since A.I. data centers use a massive amount of power. One of those tickers is CEG, up nearly 600% in the last 3 years… Combined with the upcoming presidential election, we have the recipe for a major shakeup in the market. You see, each time the U.S. elects a new president, one overlooked part of the energy sector tends to see a big move. Fact is… this energy niche is BOOMING.
Morgan Stanley Sticks to Its Buy Rating for Werner Enterprises (WERN)
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About Werner Enterprises

Werner Enterprises (NASDAQ:WERN), together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics. The Truckload Transportation Services segment operates a fleet of medium-to-long-haul vans that transports various consumer nondurable products and other commodities in truckload quantities using dry van trailers; the expedited fleet, which offers time-sensitive truckload services using driver teams; a regional short-haul fleet that provides truckload van service in the United States; and temperature-controlled fleet, which offers truckload services for temperature-sensitive products using temperature-controlled trailers. This segment provides truckload services to retail distribution centers or manufacturing facilities using dry vans or trailers to transport retail store merchandise, consumer products, food and beverage products, and manufactured products. As of December 31, 2023, it had a fleet of 8,000 trucks, which included 7,740 company-operated, as well as 260 owned and operated by independent contractors; and 30,810 trailers that comprised dry vans, flatbeds, temperature-controlled, and other trailers. The Werner Logistics segment provides non-asset-based transportation and logistics services, including truck brokerage; logistics management services and solutions; rail transportation through alliances with rail and drayage providers; and residential and commercial deliveries of large or heavy items using liftgate straight trucks. As of December 31, 2023, this segment operated 35 drayage tractors and 115 delivery trucks. It also sells used trucks and trailers; and trades used trucks to original equipment manufacturers. The company was founded in 1956 and is headquartered in Omaha, Nebraska.

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