Saia Inc. Down 0.40% To $286.47 After Earnings Miss

Saia Inc. (SAIA) said before open Friday that it earned $2.65 per share in quarter four 2022.

On the revenue line, the company reported $655.7 million, missing estimates by $2.7 million.

In the same quarter a year ago, the company earned $2.76 per share on revenue of $617.1 million.

The stock is down 0.40% to $286.47 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

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

Trading in the five days leading up to the report earned Saia Inc. a Bullish Sentiment Rank from InvestorsObserver.

Saia Inc. has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 82, putting Saia Inc. in the top 25% of stocks. The firm was recently trading at a 52-week high of $306.4 on February 2, 2023 and set a 52-week low on June 22, 2022 at $168.03.

Saia Inc is a transportation company. The company through its wholly-owned subsidiaries provides less-than-truckload, non-asset truckload, expedited and logistics services across the United States. It generates revenues from the transportation of freight.