Swift Transportation Co (NYSE:SWFT), a Phoenix, Arizona-based freight and logistics company, reported fiscal fourth quarter earnings on Monday afternoon. The company breezed past earnings, and shares shot higher in after-hours trading.
SWFT Earnings
SWFT stock analysts — there are 14 covering the company — were looking for earnings per share of 47 cents in Q4 2015, down about 15% from the 55 cents per share it earned in Q4 2014. Wall Street expected revenue to fall slightly, dipping 1.7% to $1.12 billion in Q4 2015, down from $1.14 billion in Q4 2014.
Here are the actual numbers SWFT reported Monday afternoon:
- Swift Transportation Co saw revenue clock in at $1.09 billion, missing the $1.12 consensus by $30 million.
- However, SWFT reported earnings per share of 53 cents, soundly beating EPS expectations by 12%.
More About Swift Transportation Co Stock
As of its close on Monday, January 25, its market cap was $1.95 billion. Over the last three months, an average of 3.1 million shares of SWFT stock traded hands each day. It currently pays no dividend, and SWFT stock is down 51.7% in the last year, underperforming the -8.5% return of the S&P 500 by over 43 percentage points.
Going into today’s earnings report, Navellier Ratings, Powered by Portfolio Grader, had the following ratings for SWFT stock:
Rating: Sell
Total Grade: D
Fundamental Grade: C
Quantitative Grade: F
Earnings Growth: D
Sales Growth: D
We’ll have to wait and see how investors takes the most recent SWFT earnings report, but if the 4.8% rally in after-hours trading is any indication, it looks like investors are taking it well.
At the time this story was written, Robert Martin had no position in any of the stocks mentioned.
