Radiant Logistics (RLGT) closed at $5.82 in the latest trading session, marking a -1.52% move from the prior day. This move lagged the S&P 500's daily gain of 1.09%. At the same time, the Dow added 0.84%, and the tech-heavy Nasdaq gained 1.42%.
Prior to today's trading, shares of the transportation and logistics services company had lost 1.5% over the past month. This has was narrower than the Transportation sector's loss of 3.21% and lagged the S&P 500's gain of 1.18% in that time.
Investors will be hoping for strength from RLGT as it approaches its next earnings release. 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.
It is also important to note the recent changes to analyst estimates for RLGT. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. RLGT is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, RLGT currently has a Forward P/E ratio of 12.57. This represents a premium compared to its industry's average Forward P/E of 11.88.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Radiant Logistics, Inc. (RLGT): Free Stock Analysis Report
Original post