Analysts on Wall Street project that TFI International Inc. (TFII) will announce quarterly earnings of $0.85 per share in its forthcoming report, representing a decline of 28.6% year over year. Revenues are projected to reach $1.92 billion, declining 7.4% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain TFI International metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Revenue before fuel surcharge' will reach $1.68 billion. The estimate points to a change of -7.8% from the year-ago quarter.
It is projected by analysts that the 'Fuel surcharge' will reach $239.95 million. The estimate indicates a year-over-year change of -4.1%.
The consensus among analysts is that 'Revenue- Logistics' will reach $376.26 million. The estimate indicates a year-over-year change of -8.3%.
Analysts' assessment points toward 'Revenue- Less-Than-Truckload' reaching $668.29 million. The estimate indicates a change of -9.4% from the prior-year quarter.
The average prediction of analysts places 'Adjusted Operating Ratio - Truckload' at 92.8%. Compared to the present estimate, the company reported 91.5% in the same quarter last year.
According to the collective judgment of analysts, 'Adjusted Operating Ratio - Less-Than-Truckload' should come in at 92.9%. The estimate is in contrast to the year-ago figure of 90.3%.
The combined assessment of analysts suggests that 'Adjusted Operating Ratio' will likely reach 92.7%. Compared to the present estimate, the company reported 91.2% in the same quarter last year.
Analysts forecast 'Canadian LTL - Tonnage' to reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts expect 'U.S. LTL - Tonnage' to come in at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Based on the collective assessment of analysts, 'Canadian LTL - Adjusted operating ratio' should arrive at 82.8%. The estimate is in contrast to the year-ago figure of 81.0%.
The consensus estimate for 'Canadian LTL - Revenue per hundredweight (excluding fuel)' stands at $11.11 . The estimate is in contrast to the year-ago figure of $11.06 .
The collective assessment of analysts points to an estimated 'Canadian LTL - Shipments' of 511.88 thousand. The estimate is in contrast to the year-ago figure of 585.00 thousand.
View all Key Company Metrics for TFI International here>>>
Shares of TFI International have experienced a change of +11.2% in the past month compared to the -0.3% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), TFII is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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TFI International Inc. (TFII): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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