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CVLG / Covenant beats Q2 earnings estimates despite ‘softening' freight market

Covenant beats Q2 earnings estimates despite ‘softening' freight market
Covenant Logistics Group reported Monday after the market close second-quarter earnings of $1.63 per share on total revenue of $317.3 million, a 23% increase compared to the same period in 2021. Chattanooga, Tennessee-based Covenant beat analysts' expectations for earnings per share of $1.36 and revenue of $288 million, in spite of “unprecedented cost inflation, unusually high insurance costs, minimal gain on sale of used equipment and a softening in the freight market,” said Chairman and CEO David R. Read More
Posted: Jul 25 2022, 18:10
Author Name: FreightWaves
Views: 111880

CVLG News  

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By Seeking Alpha
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By Zacks Investment Research
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(CVLG) Ascends While Market Falls: Some Facts to Note

By Zacks Investment Research
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(CVLG) Ascends While Market Falls: Some Facts to Note

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CORRECTION - Covenant Logistics Group, Inc. Announces Timing Of Third Quarter Earnings Release And Conference Call

By GlobeNewsWire
October 3, 2023

CORRECTION - Covenant Logistics Group, Inc. Announces Timing Of Third Quarter Earnings Release And Conference Call

CHATTANOOGA, Tenn., Oct. 03, 2023 (GLOBE NEWSWIRE) -- In a release issued earlier today by Covenant Logistics Group, Inc. (Nasdaq: CVLG), the wrong q more_horizontal

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By Zacks Investment Research
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Is Covenant Logistics Group (CVLG) Stock Outpacing Its Transportation Peers This Year?

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Best Value Stocks to Buy for August 25th

By Zacks Investment Research
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Best Value Stocks to Buy for August 25th

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By Zacks Investment Research
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If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Covenant Logistics (CVLG) could be more_horizontal

5 Value Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up

By Zacks Investment Research
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We have screened value stocks CVLG, GPI, UFPI, PAGP and MPAA based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings more_horizontal


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