Radiant Logistics Down 7.26% To $6.20 After Earnings Beat

Thursday, September 14, 2023 - Radiant Logistics (RLGT) reported upside earnings and downside revenues.

The consensus among analysts for Radiant Logistics was for an earnings per share (EPS) of $0.12. The firm was able to surpass those projections, reporting an EPS of $0.13, a positive surprise of $0.01 (8%). Profits fell 68% year-over-year after reporting an EPS of $0.40 in its year-ago quarter. The negative growth rate signals that the Industrials company isn't performing well amid current economic conditions.

Analyst projections for Radiant Logistics revenue came in at a consensus of $250.9 million. Fourth-Quarter revenues missed estimates for $232.2 million by $18.6 million (7%). The company achieved negative 42% growth year-over-year compared to the firm's revenue of $398.6 million from the year-ago quarter. The lower earnings growth relative to revenue signals Radiant Logistics has not been able to improve its profit margin.

The stock is down 7.26% to $6.20 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.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Radiant Logistics a Neutral Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 56. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Radiant Logistics Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services primarily to customers based in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less than truckload (LTL) services, and intermodal services. The company has two operating segments: the United States and Canada. Maximum revenue is generated in the United States.