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Universal Logistics (ULH) Q3 Earnings Report Preview: What To Look For

ULH Cover Image

Transportation and logistics solutions provider Universal Logistics (NASDAQ:ULH) will be reporting earnings tomorrow after market close. Here’s what investors should know.

Universal Logistics met analysts’ revenue expectations last quarter, reporting revenues of $462.2 million, up 12% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ earnings estimates.

Is Universal Logistics a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Universal Logistics’s revenue to grow 10.1% year on year to $463.7 million, a reversal from the 16.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.18 per share.

Universal Logistics Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Universal Logistics has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Universal Logistics’s peers in the transportation and logistics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Norfolk Southern Corporation delivered year-on-year revenue growth of 2.7%, missing analysts’ expectations by 1.2%, and CSX reported revenues up 1.3%, falling short of estimates by 1.5%. CSX traded down 6.7% following the results.

Read our full analysis of Norfolk Southern Corporation’s results here and CSX’s results here.

Investors in the transportation and logistics segment have had steady hands going into earnings, with share prices flat over the last month. Universal Logistics is up 1.7% during the same time and is heading into earnings with an average analyst price target of $46 (compared to the current share price of $43.08).

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