P A M Transport Sv Down 1.61% To $24.50 After Earnings Beat

P.A.M. Transportation Services, Inc. (PTSI) beat out earnings estimates for Q1 2023 this afternoon.

P A M Transport Sv's earnings came in at an EPS of $0.57 per share, 36.00% higher than estimates for an EPS of $0.42 per share. The firm's earnings are down 52% since reporting $1.18 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were downbeat at $193.5 million. That represents a 1.34% decrease in revenues from the year-ago report and is 3.61% lower than consensus estimates set at $200.7 million.

The stock is down 1.61% to $24.50 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 50. Meanwhile, the average Wall Street analyst rated the stock a Hold.

P.A.M. Transportation Services Inc is engaged in truckload dry van carriers transporting general commodities. Its operations are classified as motor carrier segment or brokerage and logistics services around the United States, Mexico, and Canada. The company freight consists of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units. The company generates maximum revenue from the United States.