Earnings Scheduled For October 28, 2021
Companies Reporting Before The Bell
• LendingTree (NASDAQ:TREE) is estimated to report quarterly earnings at $0.57 per share on revenue of $292.63 million.
Rate Guidance Should Drive TL Estimates Higher, Morgan Stanley Says
In a Monday note to clients, Morgan Stanley analyst Ravi Shanker identified three key themes for the third-quarter earnings season, which begins Oct. 15 when J.B. Hunt reports. Hurricane Ida's impact on the period, 2022 rate expectations and labor issues throughout peak season are the areas that will get the most attention, according to Shanker.
TFI Needs Drivers At Leaner, Meaner UPS Freight Successor
TFI International bought UPS Freight with plans to make the LTL carrier "lean and mean," a turn of phrase CEO Alain Bédard likes to use. While the company is implementing that strategy, including recent cuts to salespeople, one thing it needs more of is truck drivers.
See Why Cowen Raised Price Targets On These Trucking Industry Companies?
Cowen & Co. analyst Jason Seidl updated ratings and price targets for few trucking industry companies.
Seidl states the consensus view appears to be underestimating the trucking industry's pricing power in 2022 and sees pricing to be up by a mid-single digits percentage.
What 8 Analyst Ratings Have To Say About TFI International
Over the past 3 months, 8 analysts have published their opinion on TFI International (NYSE:TFII) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Cowen & Co. Maintains Outperform on TFI International, Raises Price Target to $119
Cowen & Co. analyst Jason Seidl maintains TFI International (NYSE:TFII) with a Outperform and raises the price target from $112 to $119.
Teamsters Election May Hold Cards For Upcoming UPS Contract Talks
The five-year contract between the Teamsters and UPS Inc., the Teamsters' largest employer with 268,000 members, doesn't expire until July 31, 2023. Talks aren't likely to start until late 2022. In reality, however, the contract cycle starts around Thanksgiving 2021.
Earnings Scheduled For July 26, 2021
Companies Reporting Before The Bell
• Otis Worldwide (NYSE:OTIS) is estimated to report quarterly earnings at $0.71 per share on revenue of $3.45 billion.
Stocks That Hit 52-Week Highs On Wednesday
During Wednesday's morning trading, 125 companies set new 52-week highs.