Yahoo Finance Schneider National, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Investors in Schneider National, Inc. (NYSE:SNDR) had a good week, as its shares rose 3.1% to close at US$22.02 following the release of its first-quarter results. Revenues were in line with forecasts, at US$1.3b, although statutory earnings per share came in 17% below what the analysts expected, at US$0.10 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Schneider National after the latest results.
Check out our latest analysis for Schneider National
Taking into account the latest results, the consensus forecast from Schneider National's eleven analysts is for revenues of US$5.58b in 2024. This reflects a reasonable 3.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to shrink 8.7% to US$0.82 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$5.61b and earnings per share (EPS) of US$0.99 in 2024. So there's definitely been a decline in sentiment after the latest results, noting the real cut to new EPS forecasts.
The consensus price target held steady at US$25.62, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Schneider National at US$32.00 per share, while the most bearish prices it at US$22.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Schneider National'shistorical trends, as the 4.9% annualised revenue growth to the end of 2024 is roughly in line with the 5.9% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 7.9% annually. So it's pretty clear that Schneider National is expected to grow slower than similar companies in the same industry.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Schneider National. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Schneider National's revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
With that in mind, we wouldn't be too quick to come to a conclusion on Schneider National. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Schneider National going out to 2026, and you can see them free on our platform here..
Plus, you should also learn about the 2 warning signs we've spotted with Schneider National .
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
