Radiant Logistics (RLGT) closed the most recent trading day at $5.76, moving -0.69% from the previous trading session. This change lagged the S&P 500's 0.46% loss on the day. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq lost 0.63%.
Coming into today, shares of the transportation and logistics services company had lost 7.2% in the past month. In that same time, the Transportation sector lost 3.62%, while the S&P 500 gained 1.08%.
Wall Street will be looking for positivity from RLGT as it approaches its next earnings report date. In that report, analysts expect RLGT to post earnings of $0.08 per share. This would mark year-over-year growth of 60%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $234.84 million, up 15.16% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.47 per share and revenue of $956.56 million. These totals would mark changes of +62.07% and +13.55%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for RLGT. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. RLGT currently has a Zacks Rank of #2 (Buy).
Investors should also note RLGT's current valuation metrics, including its Forward P/E ratio of 12.34. This represents a premium compared to its industry's average Forward P/E of 11.79.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Radiant Logistics, Inc. (RLGT): Free Stock Analysis Report
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