For the quarter ended December 2023, TFI International Inc. (TFII) reported revenue of $1.97 billion, up 0.6% over the same period last year. EPS came in at $1.71, compared to $1.72 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.95 billion, representing a surprise of +0.79%. The company delivered an EPS surprise of +2.40%, with the consensus EPS estimate being $1.67.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how TFI International Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Adjusted Operating Ratio – Less-Than-Truckload: 88.7% compared to the 87.8% average estimate based on three analysts.
- Adjusted Operating Ratio: 87.7% versus the three-analyst average estimate of 87.4%.
- Adjusted Operating Ratio – Truckload: 87.3% versus the three-analyst average estimate of 86.2%.
- Canadian LTL – Shipments: 583 thousand compared to the 576.81 thousand average estimate based on two analysts.
- Canadian LTL – Average weight per shipment: 2,192 lbs versus 2,181.44 lbs estimated by two analysts on average.
- U.S. LTL – Tonnage: 835 KTons versus the two-analyst average estimate of 857.42 KTons.
- Revenue before fuel surcharge: $1.67 billion versus $1.64 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
- Revenue- Package and Courier: $122.03 million compared to the $125.76 million average estimate based on three analysts. The reported number represents a change of -5.5% year over year.
- Revenue- Truckload: $399.28 million versus the three-analyst average estimate of $408.75 million. The reported number represents a year-over-year change of -1%.
- Revenue- Logistics: $471.64 million versus $412.42 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +25.5% change.
- Revenue- Eliminations: -$14.76 million versus -$12.83 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +16.4% change.
- Revenue- Less-Than-Truckload: $695.93 million versus the three-analyst average estimate of $695.48 million. The reported number represents a year-over-year change of -3.5%.
View all Key Company Metrics for TFI International Inc. here>>>
Shares of TFI International Inc. have returned +4.9% over the past month versus the Zacks S&P 500 composite’s +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It’s only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it’s positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
TFI International Inc. (TFII) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.