Saia Inc Q3 revenue rises 17%, beats analyst estimates

Overview

• U.S. LTL carrier's Q3 revenue rose 17%, beating analyst expectations

• Adjusted EPS for Q3 beat consensus estimates

• Company authorized $250 mln share buyback

Outlook

• Company expects 2026 net capital expenditures of about $350 mln, subject to market conditions

Result Drivers

• RECORD TONNAGE - Saia said LTL tonnage per workday reached a record, up 8.9% from the prior year

• PRICING AND MIX - Co attributed 5.8% increase in LTL revenue per shipment (excluding fuel surcharge) to continued progress in pricing and mix optimization

• MARKET SHARE GAINS - CFO said consistent execution and continued investment led to measurable results including market share gains

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the ground freight & logistics peer group is "buy"

• Wall Street's median 12-month price target for Saia Inc is $429.00, about 32.2% above its October 28 closing price of $324.62

• The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 33 three months ago

Reuters Recommended Reads

• Oct 28 - CH Robinson Q3 revenue beats on higher truckload pricing

• Oct 29 - Transportation broker RXO Q3 profit beats on growth in truckload volume

• Oct 28 - Old Dominion Q3 revenue beats on yield management

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)