Werner Enterprises (WERN) Tops Q1 EPS by 4c
Werner Enterprises (NASDAQ: WERN) reported Q1 EPS of $0.52, $0.04 better than the analyst estimate of $0.48. Revenue for the quarter came in at $596.1 million versus the consensus estimate of $622.49 million.
2019 Guidance Metrics
The following table summarizes our updated 2019 guidance and assumptions:
| 2019 Outlook | |
| Truck growth | 3% to 5%Growth from year-end 2018 expected to be primarily in Dedicated and occur in the first three quarters of 2019 |
| One-Way Truckloadrevenue per total mile (RPTM) | 4% to 8%Year-over-year percentage increase is expected to be in the lower end of the range, and percentage increases gradually moderate during each remaining quarter of 2019 due to significant RPTM percentage increases in the last three quarters of 2018 |
| Gains on sales of equipment | $18 million to $20 millionGains on sales of equipment in 2019 are expected to be similar to 2018 |
| Effective tax rate | 25% to 26% |
| Net capital expenditures | $275 million to $300 million |
| Truck and trailer age | We intend to maintain the average age of our truck and trailer fleet at or near current levels of 1.8 and 4.1 years |
For earnings history and earnings-related data on Werner Enterprises (WERN) click here.