Werner Enterprises (NASDAQ:WERN) Stock, Quote.Headers.trade-ideas

Werner Enterprises

Werner Enterprises Inc is a transportation and logistics company. The company has two reportable segments - TTS and Werner Logistics. It derives majority of its revenue from full-truckload transportation services and geographically from United States.

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CHRW

WERN

Werner Enterprises&#39; (NASDAQ: WERN) top line is grappling with a freight market downturn, hurting the company&#39;s prospects. Elevated operating expenses are challenging the company&#39;s financial stability.

Here&#39;s Why Investors Should Give WERN Stock a Miss Now

SNDR


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Earnings Misses

SAIA

Saia (NASDAQ: SAIA) came out with quarterly earnings of $3.83 per share, missing the Zacks Consensus Estimate of $4 per share. This compares to earnings of $3.42 per share a year ago. These figures are adjusted for non-recurring items.

Saia Misses Q2 Earnings Estimates

Werner Enterprises Inc

Stifel analyst J. Bruce Chan maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Hold and lowers the price target from $32 to $30.

Price Target

Stifel Maintains Hold on Werner Enterprises, Lowers Price Target to $30

Susquehanna analyst Bascome Majors upgrades Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) from Negative to Neutral and announces $38 price target.

Upgrades

Susquehanna Upgrades Werner Enterprises to Neutral, Announces $38 Price Target

Barclays analyst Brandon Oglenski maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Equal-Weight and raises the price target from $36 to $40.

Barclays Maintains Equal-Weight on Werner Enterprises, Raises Price Target to $40

Stifel analyst J. Bruce Chan maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Hold and lowers the price target from $33 to $32.

Stifel Maintains Hold on Werner Enterprises, Lowers Price Target to $32

Susquehanna analyst Bascome Majors maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Negative and lowers the price target from $30 to $28.

Susquehanna Maintains Negative on Werner Enterprises, Lowers Price Target to $28

TD Cowen analyst Jason Seidl maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Buy and raises the price target from $40 to $41.

TD Cowen Maintains Buy on Werner Enterprises, Raises Price Target to $41

Morgan Stanley analyst Ravi Shanker maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Overweight and lowers the price target from $55 to $52.

Morgan Stanley Maintains Overweight on Werner Enterprises, Lowers Price Target to $52

JP Morgan analyst Brian Ossenbeck maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Underweight and lowers the price target from $37 to $34.

JP Morgan Maintains Underweight on Werner Enterprises, Lowers Price Target to $34

Evercore ISI Group analyst Jonathan Chappell maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a In-Line and lowers the price target from $35 to $32.

Evercore ISI Group Maintains In-Line on Werner Enterprises, Lowers Price Target to $32

Wells Fargo analyst Christian Wetherbee maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Underweight and lowers the price target from $38 to $35.

Wells Fargo Maintains Underweight on Werner Enterprises, Lowers Price Target to $35

Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) reported quarterly earnings of $0.15 per share which missed the analyst consensus estimate of $0.21 by 28.57 percent. This is a 64.29 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $745.701 million which missed the analyst consensus estimate of $765.218 million by 2.55 percent. This is a 8.81 percent decrease over sales of $817.744 million the same period last year.

Werner Enterprises Q3 2024 Adj. EPS $0.15 Misses $0.21 Estimate, Sales $745.701M Miss $765.218M Estimate

In the current session, the stock is trading at $37.62, after a 0.48% spike. Over the past month, Werner Enterprises Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) stock increased by 0.78%, and in the past year, by 1.57%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1729268146_0.png" alt="Past Year Chart" />

<h3>Comparing Werner Enterprises P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 63.97 in the Ground Transportation industry, Werner Enterprises Inc. has a lower P/E ratio of 37.82. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1729268146_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

A Look Into Werner Enterprises Inc's Price Over Earnings

Goldman Sachs analyst Jordan Alliger maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Sell and lowers the price target from $37 to $33.

Goldman Sachs Maintains Sell on Werner Enterprises, Lowers Price Target to $33

Citigroup analyst Ariel Rosa initiates coverage on Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Sell rating and announces Price Target of $34.

Initiation

Citigroup Initiates Coverage On Werner Enterprises with Sell Rating, Announces Price Target of $34

Evercore ISI Group analyst Jonathan Chappell maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a In-Line and lowers the price target from $37 to $35.

Evercore ISI Group Maintains In-Line on Werner Enterprises, Lowers Price Target to $35

Susquehanna analyst Bascome Majors maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Negative and raises the price target from $26 to $30.

Susquehanna Maintains Negative on Werner Enterprises, Raises Price Target to $30

Werner Enterprises&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wern#NASDAQ">WERN</a>) top line is grappling with a freight market downturn, hurting the company&#39;s prospects. Elevated operating expenses are challenging the company&#39;s financial stability. Escalated labor and fuel costs are hurting WERN&#39;s bottom line, making it an unattractive choice for investors&#39; portfolios.
Let&#39;s delve deeper.
<h2>WERN: Risks to Watch</h2>
Southward Earnings Estimate Revision:The Zacks Consensus Estimate for current-quarter earnings has been revised 33.3% downward in the past 60 days. For the current year, the consensus mark for earnings has moved 26% south in the same time frame. The unfavorable estimate revisions indicate brokers&#39; lack of confidence in the stock.
Weak Zacks Rank: Werner Enterprises currently carries a Zacks Rank #5 (Strong Sell).
Unimpressive Price Performance: WERN shares have declined 7% in the past year against the industry&#39;s 0.2% rise.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f1/78379.jpg?v=444018168" />
Image Source: Zacks Investment Research
Bearish Industry Rank: The industry to which Werner Enterprises belongs currently has a Zacks Industry Rank of 222 (out of 251). Such an unfavorable rank places it in the bottom 11% of Zacks Industries.Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to.
A mediocre stock within a strong group is likely to outclass a robust stock in a weak industry. Reckoning the industry&#39;s performance becomes imperative.
High Costs:&nbsp; High operating expenses are hurting WERN&#39;sbottom line, challenging its financial stability. The surge in operating expenses was caused by increased labor and fuel costs. In the second quarter of 2024, labor costs, comprising salaries and benefits, accounting for 35.1% of the total operating expenses, amounted to $741.2 million. Fuel costs totaled $72 million.
The freight market downturn does not bode well for the company&#39;s prospects. As a result, the top line fell by 6% year over year.
The persistent driver crisis in the trucking industry is worsening supply-chain challenges across the United States. Driver scarcity issues limit trucking capacity, making it difficult for trucking companies like WERN. American Trucking Associations&#39; chief economist, Bob Costello, expects the trucking industry to be short of more than&nbsp;160,000 drivers by 2030.
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).&nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 14.2% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has a discouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 61% in the past year.
<a href="https://www.zacks.com/stock/news/2338348/here-s-why-investors-should-give-wern-stock-a-miss-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2338348">To read this article on Zacks.com click here.</a>

Here's Why Investors Should Give WERN Stock a Miss Now

Stephens &amp; Co. analyst Daniel Imbro maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Equal-Weight and lowers the price target from $40 to $36.

Stephens & Co. Maintains Equal-Weight on Werner Enterprises, Lowers Price Target to $36

Stifel analyst J. Bruce Chan maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Hold and lowers the price target from $39 to $33.

Stifel Maintains Hold on Werner Enterprises, Lowers Price Target to $33

TD Cowen analyst Jason Seidl maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Buy and raises the price target from $38 to $43.

TD Cowen Maintains Buy on Werner Enterprises, Raises Price Target to $43

Press Releases

Werner Enterprises to Participate in Two Investment Conferences

Werner Enterprises Reports Third Quarter 2024 Results

Werner® Associate Named a 2024 Heavy Duty Trucking Emerging Leader

Werner® Named a 2024 Top Company for Women to Work for in Transportation

Werner® Earns Top Military Friendly® Rankings for 2025, Honoring Commitment to Veterans and Military Families

Werner® Releases Fourth Annual Corporate Sustainability Report, Highlighting ESG Progress and Commitments

Werner Enterprises Announces Quarterly Dividend

Fleet Defender, Platform Science, and Werner® Collaborate to Deploy Neural Sentinel for Real-Time Cybersecurity and Safety Monitoring Across Entire Fleet

Werner Enterprises to Release Fourth Quarter and Full Year 2024 Earnings and Host Earnings Call on February 6, 2025

Werner Enterprises to Participate in Three Investment Conferences

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