We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Schneider National Inc.’s (SNDR - Free Report) fourth-quarter 2020 earnings (excluding a penny from non-recurring items) of 44 cents per share beat the Zacks Consensus Estimate of 39 cents. The bottom line also increased 18.9% year over year due to higher revenues.
Operating revenues of $1,265.2 million surpassed the Zacks Consensus Estimate of $1,193.8 million and also climbed 9.4% year over year. Moreover, revenues (excluding fuel surcharge) jumped 15% to $1,191.6 million. Results benefited from higher intermodal and logistics revenues.
Income from operations (adjusted) ascended 16% from the prior-year quarter’s level to $106.3 million. Also, adjusted operating ratio (operating expenses as a percentage of revenues) improved 10 basis points to 91.1%. Notably, lower the value of the ratio, the better.
Schneider National, Inc. Price, Consensus and EPS Surprise
Truckload revenues (excluding fuel surcharge) slipped 5% to $470.3 million due to low network capacity. Average trucks (company trucks and owner-operated trucks) in the segment also fell 5.7% to 9,764. Revenue per truck per week in the segment increased marginally. Truckload income from operations was $65.1 million in the reported quarter, indicating a rise of 61% from the year-ago period. Moreover, operating ratio improved to 86.2% from 91.8% in the year-ago quarter.
Intermodal revenues (excluding fuel surcharge) were $269.3 million, up 3% year over year. Revenue per order dipped marginally due to shorter length of haul Eastern freight. Segmental income from operations plunged 23% to $24.7 million primarily due to rail operating issues. Additionally, intermodal operating ratio deteriorated to 90.8% in the fourth quarter from 87.7% in the year-ago quarter.
Logistics revenues (excluding fuel surcharge) surged 64% to $374.4 million primarily due to expanded brokerage volumes and increase in revenue per order. Logistics income from operations soared more than 100% on a year-on-year basis. Further, operating ratio in the segment improved to 94.2% from 96.5% in the fourth quarter of 2019.
Liquidity
Schneider, carrying a Zacks Rank #3 (Hold), exited the fourth quarter with cash and cash equivalents of $395.5 million compared with $551.6 million at the end of 2019.
For 2021, Schneider anticipates adjusted earnings per share to be between $1.45 and $1.60. The mid-point of the guided range is in line with the Zacks Consensus Estimate of $1.53. Additionally, the company estimates net capital expenditures of approximately $425 million for the year.
Sectorial Snapshot
Let’s take a look at some of the other recently released earnings reports from companies within the Zacks Transportation sector.
United Airlines (UAL - Free Report) , carrying a Zacks Rank #3, incurred a loss (excluding 6 cents from non-recurring items) of $7 per share in the fourth quarter of 2020, wider than the Zacks Consensus Estimate of a loss of $6.56. Meanwhile, operating revenues of $3,412 million lagged the Zacks Consensus Estimate of $3,420.4 million.
J.B. Hunt Transport Services (JBHT - Free Report) , carrying a Zacks Rank #3, reported earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.27. Total operating revenues of $2,737.7 million also surpassed the Zacks Consensus Estimate of $2,514.3 million.
Delta Air Lines (DAL - Free Report) , carrying a Zacks Rank #3, incurred a loss (excluding $1.34 from non-recurring items) of $2.53 per share in the fourth quarter of 2020, wider than the Zacks Consensus Estimate of a loss of $2.43. Total revenues of $3,973 million topped the Zacks Consensus Estimate of $3,754.5 million.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Image: Bigstock
Schneider (SNDR) Q4 Earnings & Revenues Beat Estimates, Rise Y/Y
Schneider National Inc.’s (SNDR - Free Report) fourth-quarter 2020 earnings (excluding a penny from non-recurring items) of 44 cents per share beat the Zacks Consensus Estimate of 39 cents. The bottom line also increased 18.9% year over year due to higher revenues.
Operating revenues of $1,265.2 million surpassed the Zacks Consensus Estimate of $1,193.8 million and also climbed 9.4% year over year. Moreover, revenues (excluding fuel surcharge) jumped 15% to $1,191.6 million. Results benefited from higher intermodal and logistics revenues.
Income from operations (adjusted) ascended 16% from the prior-year quarter’s level to $106.3 million. Also, adjusted operating ratio (operating expenses as a percentage of revenues) improved 10 basis points to 91.1%. Notably, lower the value of the ratio, the better.
Schneider National, Inc. Price, Consensus and EPS Surprise
Schneider National, Inc. price-consensus-eps-surprise-chart | Schneider National, Inc. Quote
Segmental Highlights
Truckload revenues (excluding fuel surcharge) slipped 5% to $470.3 million due to low network capacity. Average trucks (company trucks and owner-operated trucks) in the segment also fell 5.7% to 9,764. Revenue per truck per week in the segment increased marginally. Truckload income from operations was $65.1 million in the reported quarter, indicating a rise of 61% from the year-ago period. Moreover, operating ratio improved to 86.2% from 91.8% in the year-ago quarter.
Intermodal revenues (excluding fuel surcharge) were $269.3 million, up 3% year over year. Revenue per order dipped marginally due to shorter length of haul Eastern freight. Segmental income from operations plunged 23% to $24.7 million primarily due to rail operating issues. Additionally, intermodal operating ratio deteriorated to 90.8% in the fourth quarter from 87.7% in the year-ago quarter.
Logistics revenues (excluding fuel surcharge) surged 64% to $374.4 million primarily due to expanded brokerage volumes and increase in revenue per order. Logistics income from operations soared more than 100% on a year-on-year basis. Further, operating ratio in the segment improved to 94.2% from 96.5% in the fourth quarter of 2019.
Liquidity
Schneider, carrying a Zacks Rank #3 (Hold), exited the fourth quarter with cash and cash equivalents of $395.5 million compared with $551.6 million at the end of 2019.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Outlook
For 2021, Schneider anticipates adjusted earnings per share to be between $1.45 and $1.60. The mid-point of the guided range is in line with the Zacks Consensus Estimate of $1.53. Additionally, the company estimates net capital expenditures of approximately $425 million for the year.
Sectorial Snapshot
Let’s take a look at some of the other recently released earnings reports from companies within the Zacks Transportation sector.
United Airlines (UAL - Free Report) , carrying a Zacks Rank #3, incurred a loss (excluding 6 cents from non-recurring items) of $7 per share in the fourth quarter of 2020, wider than the Zacks Consensus Estimate of a loss of $6.56. Meanwhile, operating revenues of $3,412 million lagged the Zacks Consensus Estimate of $3,420.4 million.
J.B. Hunt Transport Services (JBHT - Free Report) , carrying a Zacks Rank #3, reported earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.27. Total operating revenues of $2,737.7 million also surpassed the Zacks Consensus Estimate of $2,514.3 million.
Delta Air Lines (DAL - Free Report) , carrying a Zacks Rank #3, incurred a loss (excluding $1.34 from non-recurring items) of $2.53 per share in the fourth quarter of 2020, wider than the Zacks Consensus Estimate of a loss of $2.43. Total revenues of $3,973 million topped the Zacks Consensus Estimate of $3,754.5 million.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>