CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Canada's TFI International Q3 adjusted net income misses estimates

By Reuters News


Overview

  • Canada transportation and logistics firm's Q3 revenue rose 13% yr/yr, driven by acquisitions and market gains

  • Q3 adjusted net income missed analyst expectations

  • Company raised quarterly dividend by 4% over prior year period


Outlook

  • TFI International expects Q4 2026 adjusted diluted EPS between $1.30 and $1.40

  • Company expects 2026 net capital expenditures excluding real estate of $225 mln to $250 mln

  • Company anticipates Q4 adjusted operating ratio improvement in Truckload and Logistics, decline in LTL


Result Drivers

  • TRUCKLOAD SEGMENT - Co said Truckload segment saw double-digit revenue growth and operating income nearly doubled, despite fewer trucks

  • LOGISTICS SEGMENT - Logistics segment operating income up nearly 60%, with 22% revenue growth and 15% return on invested capital

  • ACQUISITIONS AND MARKET CONDITIONS - Co attributed revenue growth to business acquisitions and improved market conditions


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$2.23 bln

Q3 EPS

$1.28

Q3 Adjusted Net Income

Miss

$137.3 mln

$145.05 mln (8 Analysts)

Q3 Net Income

$105.7 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "hold" and no "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 TFI International Inc. is C$222.31, about 41.9% above its October 28 closing price of C$156.69

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 23 three months ago


Reuters Recommended Reads

  • Oct 27 - Logistics firm Landstar System's Q3 revenue rises 25%, beats estimates

  • Oct 29 - Saia Inc Q3 revenue rises 17%, beats analyst estimates

  • Oct 29 - Schneider National Q3 revenue slightly beats estimates; raises 2026 EPS outlook


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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.