Wall Street analysts forecast that Saia, Inc. (NASDAQ:SAIA) will report sales of $593.97 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Saia’s earnings. The lowest sales estimate is $581.30 million and the highest is $613.73 million. Saia posted sales of $476.48 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.7%. The firm is expected to report its next quarterly earnings results on Monday, February 14th.
On average, analysts expect that Saia will report full year sales of $2.26 billion for the current year, with estimates ranging from $2.25 billion to $2.29 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.55 billion, with estimates ranging from $2.41 billion to $2.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Saia.
Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, October 28th. The transportation company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.51. Saia had a net margin of 10.23% and a return on equity of 20.78%. The firm had revenue of $616.20 million during the quarter, compared to analyst estimates of $576.83 million. During the same period in the previous year, the business posted $1.56 earnings per share. The business’s revenue for the quarter was up 28.0% on a year-over-year basis.
A number of analysts have recently commented on SAIA shares. Bank of America upgraded shares of Saia from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $272.00 to $352.00 in a research note on Friday, October 29th. Wells Fargo & Company raised their price objective on shares of Saia from $280.00 to $336.00 and gave the stock an “overweight” rating in a report on Friday, October 29th. Raymond James raised their price objective on shares…
