Moving and storage solutions provider U-Haul (NYSE:UHAL) will be reporting earnings tomorrow after the bell. Here’s what to expect.
U-Haul met analysts’ revenue expectations last quarter, reporting revenues of $1.55 billion, flat year on year. It was a softer quarter for the company, with a miss of analysts’ earnings estimates.
Is U-Haul a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting U-Haul’s revenue to grow 2.2% year on year to $1.69 billion, a reversal from the 3.1% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at U-Haul’s peers in the ground transportation segment, some have already reported their Q3 results, giving us a hint as to what we can expect. XPO delivered year-on-year revenue growth of 3.7%, beating analysts’ expectations by 1.8%, and Covenant Logistics reported flat revenue, falling short of estimates by 2.8%. XPO’s stock price was unchanged after the results, and Covenant Logistics’s price followed a similar reaction.
Read our full analysis of XPO’s results here and Covenant Logistics’s results here.
Investors in the ground transportation segment have had steady hands going into earnings, with share prices flat over the last month. U-Haul is down 5.9% during the same time and is heading into earnings with an average analyst price target of $71.75 (compared to the current share price of $72.55).
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