On a day were many trucking stocks were hit, Susquehanna continued to pile onto the current negative sentiment, commenting specifically on Werner Enterprises, Inc WERN. The note centered on the disappointing, preannounced Q2 EPS range of $0.21-$0.25, which came to no surprise for the sell-side firm.
Among reasons for the negative guidance, Werner Enterprises cited:
Market News and Data brought to you by Benzinga APIs- Sluggish freight market conditions
- Higher costs with recent wage pay increases
- "Soft" used truck market
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in