Saia (SAIA) Misses Q2 Earnings Estimates

Group 1: Company Performance - Saia reported revenues of $823.24 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 0.20% and up from $694.62 million a year ago [1] - The company achieved quarterly earnings of $3.83 per share, which was below the Zacks Consensus Estimate of $4 per share, compared to earnings of $3.42 per share a year prior [7] - Over the last four quarters, Saia has surpassed consensus revenue estimates three times and consensus EPS estimates two times [1][6] Group 2: Market Comparison - Saia shares have increased approximately 11.6% since the beginning of the year, while the S&P 500 has gained 13.2% [2] - The current Zacks Rank for Saia is 2 (Buy), indicating expectations for the stock to outperform the market in the near future [4] Group 3: Future Outlook - The consensus EPS estimate for the upcoming quarter is $4.11 on revenues of $839.5 million, and for the current fiscal year, it is $15.32 on revenues of $3.23 billion [11] - The estimate revisions trend for Saia is currently favorable, which may influence future stock performance [4][10] - The outlook for the Transportation - Truck industry is currently in the bottom 9% of Zacks industries, which could impact Saia's stock performance [12]