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Covenant Transportation Group Inc Comments On H1, H2 2013 Earnings Guidance; Issues FY 2013 EPS Guidance Above Analysts' Estimates

Wednesday, 30 Jan 2013 04:02pm EST 

Covenant Transportation Group Inc announced that it expect earnings comparisons in the first half of 2013 to be negative compared with 2012, then becoming positive in the second half of 2013. Excluding the approximately $0.10 per share gain from sale of real estate during 2012, the Company expect earnings per share (EPS) for fiscal 2013 to increase meaningfully over 2012. The Company reported net income of $6.1 million, or $0.41 per share in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of ($0.39) million for the first quarter of 2013, net income of $2.24 million for the second quarter of 2013, net income of $1.61 million for the third quarter of 2013, net income of $0.80 million for the fourth quarter of 2013 and EPS of $0.31 for fiscal 2013. 

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-0.01 -0.08%
11 Jul 2014