What's In Store For Radiant Logistics (RLGT) In Q1 Earnings?
Zacks Investment Research | Nov 07, 2019 10:21PM ET
Radiant Logistics (NYSE:RLGT) is scheduled to release first-quarter fiscal 2020 (ended Sep 30, 2019) results on Nov 12, after market close.
The company has an impressive earnings history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average being 29.5%.
Let’s see whether the company is able to repeat its success story in the upcoming quarterly results.
Factors Likely at Play
Akin to the last few quarters, the company’s U.S. segment (contributing to majority of the top line) is expected to have performed impressively in the to-be-reported quarter. Also, within the U.S. segment, transportation and value-added services are anticipated to have realized solid net revenues.
Additionally, international revenues from Canada are expected to have been strong in the quarter to be reported. Further, encouraging segmental results are expected to get reflected in Radiant Logistics’ cash flows. Reduced cost of transportation and other services might as well get reflected in the company’s bottom line.
However, the soft freight environment is likely to hurt the results for the fiscal first quarter. Rising personnel expenses might have further dampened earnings.
Radiant Logistics, Inc. Price and EPS Surprise
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