Short interest for Werner Enterprises gives investors a sense of the degree to which investors are betting on the decline of Werner Enterprises's stock. Short interest data is updated every two weeks.

Werner Enterprises Stock (NASDAQ:WERN), Short Interest Report

Werner Enterprises

Werner Enterprises Inc is a transportation and logistics company. The company has two reportable segments - TTS and Werner Logistics. It derives majority of its revenue from full-truckload transportation services and geographically from United States.

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WERN

Werner Enterprises (NASDAQ: WERN) said Tuesday the end of the downcycle appears to be getting closer.

Werner Enterprises Says End of Downcycle Getting Closer

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Reiteration

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General

Credit Suisse analyst Ariel Rosa reiterated a Neutral rating on the shares of Werner Enterprises Inc (NASDAQ: WERN) and raised the 

Werner&#39;s Dedicated Business Shines Amidst Truckload Challenges: Analyst Highlights Strategy And Margin Pressures

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Werner Enterprises Inc

<p>Barclays  analyst Brandon Oglenski   maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Equal-Weight and lowers the price target from $40 to $36.</p>


Barclays Maintains Equal-Weight on Werner Enterprises, Lowers Price Target to $36

<div><strong>Werner Enterprises</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wern#NASDAQ">WERN</a>) said Tuesday the end of the downcycle appears to be getting closer. With a first quarter marked by inclement weather and higher insurance expenses in the rearview, it expects normal seasonal trends to take hold the rest of the year.</div>

<p>Werner reported first-quarter net income of $6.3 million compared to $35.2 million in the same period of 2023. When adjusted for items expected to not recur or items considered not part of normal operating activities (acquisition-related expenses, costs from an insurance claim that has been appealed, changes to earnouts and changes in the value of equity investments) the company reported earnings per share of 14 cents. The adjusted result was 13 below the consensus estimate and 46 cents lower year over year (y/y).</p>

<p>A decline in used equipment values pushed gains on sales 80% lower y/y to just 4 cents per share (an 18-cent headwind compared to the year-ago quarter). Unit sales of tractors were down 18% y/y but trailers sold increased 78%. Werner lowered its outlook for gains on equipment sales to a range of $10 million to $20 million from the prior range of $10 million to $30 million.</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/04/30/Werners-KPI-table.jpg" /></p>

<p>Table: Werner's key performance indicators</p>

<p>Total revenue from truckload services declined 6% y/y to $551 million. Dedicated revenue declined 3% y/y as trucks in service fell 4%, which was partially offset by a 1% increase in revenue per truck per week. The company reiterated full-year 2024 guidance of flat to up 3% y/y for revenue per truck per week.</p>

<div>
<p><span>The one-way TL segment reported an 8% y/y decline in revenue. Average trucks in service fell 13% but utilization (miles per truck per week) improved 11%. Revenue per total mile was down 5% in the quarter. The company reiterated the first-half 2024 outlook for one-way revenue per total mile at down 6% to down 3% y/y. The outlook calls for "flat to slightly higher" spot rates in the second quarter, with further improvement in the second half.</span></p>
</div>

<p>The total TL truck count was down 2% y/y in the first quarter, prompting a guidance change from down 3% to flat y/y in 2024 to down between 6% and 3% y/y. The company has meaningfully lowered its one-way truck count and is seeing some headwinds to unit counts within dedicated accounts. However, it said all the discount retail customers it serves in a dedicated configuration have increased their truck counts with Werner this year.</p>

<p>The TL segment reported a 95.3% adjusted operating ratio (96.2% unadjusted), which was 600 basis points worse y/y and 280 bps worse than the fourth quarter. Adjusted operating income was down 58% y/y, with lower gains on sale accounting for nearly half of the decline.</p>

<p>The company has identified another $40 million in consolidated cost savings for 2024, $12 million of which has already been achieved. For all of 2023 and 2024, the company projects total savings of $80 million to $90 million, 60% of which it views as "structural and sustainable."</p>

<div>
<p><span>The TL OR improved in each month of the quarter and management expects continued improvement as it has emerged from the seasonally weakest quarter of the year. A long-term target for the TL operating margin (inverse of operating ratio) remains intact at 12% to 17% but management no longer expects to achieve that run rate by the end of this year.</span></p>
</div>

<p>Werner's logistics unit recorded a $2.3 million operating loss in the quarter ($1.2 million on an adjusted basis). Revenue was down 12% y/y to $203 million with gross margin falling 280 bps to 14.8%. Brokerage operating margins are expected to improve later in the year given the cost savings initiatives.</p>

<p>Shares of WERN moved 2.3% lower in after-hours trading Tuesday.</p>

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<p>The post <a href="https://www.freightwaves.com/news/werner-enterprises-says-end-of-downcycle-getting-closer">Werner Enterprises says end of downcycle getting closer</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.</p>

<p>JP Morgan  analyst Brian Ossenbeck   maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Neutral and lowers the price target from $37 to $36.</p>


JP Morgan Maintains Neutral on Werner Enterprises, Lowers Price Target to $36

<p>Evercore ISI Group  analyst Jonathan Chappell   maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a In-Line and lowers the price target from $39 to $35.</p>


Evercore ISI Group Maintains In-Line on Werner Enterprises, Lowers Price Target to $35

<p>Baird  analyst Garrett Holland   maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Outperform and lowers the price target from $46 to $42.</p>


Baird Maintains Outperform on Werner Enterprises, Lowers Price Target to $42

<p>Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.27 by 48.15 percent. This is a 76.67 percent decrease over earnings of $0.60 per share from the same period last year.  The company reported quarterly sales of $769.080 million which missed the analyst consensus estimate of $788.316 million by 2.44 percent.  This is a 7.64 percent decrease over sales of $832.714 million the same period last year.</p>


Earnings

Earnings Misses

Werner Enterprises Q1 2024 Adj EPS $0.14 Misses $0.27 Estimate, Sales $769.080M Miss $788.316M Estimate

<p>Stifel  analyst J. Bruce Chan   maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Hold and lowers the price target from $42 to $39.</p>


Stifel Maintains Hold on Werner Enterprises, Lowers Price Target to $39

<p>B of A Securities  analyst Ken Hoexter   maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Underperform and lowers the price target from $35 to $34.</p>


B of A Securities Maintains Underperform on Werner Enterprises, Lowers Price Target to $34

<p>Barclays  analyst Brandon Oglenski   downgrades Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) from Overweight to Equal-Weight and lowers the price target from $45 to $40.</p>


Downgrades

Barclays Downgrades Werner Enterprises to Equal-Weight, Lowers Price Target to $40

<p>Susquehanna  analyst Bascome Majors   maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Neutral and lowers the price target from $40 to $35.</p>


Susquehanna Maintains Neutral on Werner Enterprises, Lowers Price Target to $35

<p>Stifel  analyst J. Bruce Chan   downgrades Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) from Buy to Hold and lowers the price target from $45 to $42.</p>


Stifel Downgrades Werner Enterprises to Hold, Lowers Price Target to $42

<p>Morgan Stanley  analyst Ravi Shanker   maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Overweight and lowers the price target from $60 to $59.</p>


Morgan Stanley Maintains Overweight on Werner Enterprises, Lowers Price Target to $59

<p>Stephens &amp; Co.  analyst Jack Atkins   reiterates Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Overweight and maintains $49 price target.</p>


Stephens & Co. Reiterates Overweight on Werner Enterprises, Maintains $49 Price Target

<p>Susquehanna  analyst Bascome Majors   maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Neutral and lowers the price target from $42 to $40.</p>


Susquehanna Maintains Neutral on Werner Enterprises, Lowers Price Target to $40

<p><strong>Werner Enterprises</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) reported its Q4 earnings results on Tuesday, February 6, 2024 at 04:05 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>Werner Enterprises missed estimated earnings by 9.3%, reporting an EPS of $0.39 versus an estimate of $0.43.</p>
<p>Revenue was down $39.55 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed on EPS by $0.07 which was followed by a 0.03% increase in the share price the next day.</p>
<p>Here's a look at Werner Enterprises's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.49</td>
<td>0.59</td>
<td>0.71</td>
<td>0.92</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.42</td>
<td>0.52</td>
<td>0.60</td>
<td>0.99</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>812.35M</td>
<td>811.25M</td>
<td>851.54M</td>
<td>844.86M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>817.74M</td>
<td>811.10M</td>
<td>832.71M</td>
<td>861.49M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for Werner Enterprises <a href="https://www.benzinga.com/quote/WERN/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Werner Enterprises: Q4 Earnings Insights

<p>Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) reported quarterly earnings of $0.39 per share which missed the analyst consensus estimate of $0.43 by 9.3 percent. This is a 60.61 percent decrease over earnings of $0.99 per share from the same period last year.  The company reported quarterly sales of $821.95 million which beat the analyst consensus estimate of $820.37 million by 0.19 percent.  This is a 4.59 percent decrease over sales of $861.49 million the same period last year.</p>


Werner Enterprises Q4 Adj EPS $0.39 Misses $0.43 Estimate, Sales $821.95M Beat $820.37M Estimate

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Earnings Scheduled For February 6, 2024

<p><strong>Werner Enterprises</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Werner Enterprises will report an <strong>earnings per share</strong> (EPS) of $0.43. </p>
<p>Werner Enterprises bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.07, which was followed by a 0.03% increase in the share price the next day.</p>
<p>Here's a look at Werner Enterprises's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.49</td>
<td>0.59</td>
<td>0.71</td>
<td>0.92</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.42</td>
<td>0.52</td>
<td>0.60</td>
<td>0.99</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>0.03%</td>
<td>-1.95%</td>
<td>-1.36%</td>
<td>-2.5%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707156112_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Werner Enterprises were trading at $39.95 as of February 02. Over the last 52-week period, shares are down 19.07%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/WERN/earnings"><strong>To track all earnings releases for Werner Enterprises visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Werner Enterprises's Earnings Outlook

<p>Susquehanna  analyst Bascome Majors   maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Neutral and lowers the price target from $43 to $42.</p>


Susquehanna Maintains Neutral on Werner Enterprises, Lowers Price Target to $42

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Werner Non-GAAP EPS of $0.14 misses by $0.13, revenue of $769M misses by $19.38M

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<p><strong>Werner Enterprises</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/wern-stock-quote/"><strong>WERN</strong></a></span>) just reported results for the first quarter of 2024.</p><ul><li>Werner Enterprises reported earnings per share of 14 cents. This was below the analyst estimate for EPS of 27 cents.</li><li>The company reported revenue of $769.08 million.</li><li>This was 2.44% worse than the analyst estimate for revenue of $788.32 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/earning-results/2024/04/wern-stock-earnings-werner-enterprises-for-q1-of-2024/">WERN Stock Earnings: Werner Enterprises Misses EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

WERN Stock Earnings: Werner Enterprises Misses EPS, Misses Revenue for Q1 2024

Werner Enterprises, Inc. (WERN) Q1 2024 Earnings Call Transcript

Werner Enterprises, Inc. 2024 Q1 - Results - Earnings Call Presentation

Werner Enterprises (WERN – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Ken Hoexter from...

Werner Enterprises Underperform Rating Confirmed Amidst Persistent Trucking Industry Downcycle

There's a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Trane Technologies (TT – Research Report), Cec...

Analysts Offer Insights on Industrial Goods Companies: Trane Technologies (TT), Ceco Environmental (CECO) and Werner Enterprises (WERN)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Johnson Controls (JCI – Research Report), Werner Enterprise...

Analysts Offer Insights on Industrial Goods Companies: Johnson Controls (JCI), Werner Enterprises (WERN) and Advanced Energy (AEIS)

Jordan Alliger, an analyst from Goldman Sachs, maintained the Sell rating on Werner Enterprises (WERN – Research Report). The associated price targ...

Werner Enterprises Faces Operational Challenges and Margin Pressures: A Sell Rating Justified

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Press Releases

Werner Enterprises Names Nathan Meisgeier as President

Werner Enterprises to Participate in Three Investment Conferences

Werner Enterprises Reports Fourth Quarter and Annual 2023 Results

Werner Enterprises Announces Quarterly Dividend

Supply & Demand Chain Executive Names Two Werner Associates as 2024 Pros to Know Award Winners

Werner Enterprises to Announce First Quarter Earnings and Host Earnings Call on April 30, 2024

Werner Enterprises Professional Drivers, Gina and Steve Jones, Honored With 2024 TA Citizen Driver Award

Werner® Honored as a 2024 VETS Indexes 5 Star Employer

Werner® Earns Recognition on Forbes' America's Best Large Employers 2024 List

Werner Enterprises Reports First Quarter 2024 Results

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Werner Enterprises Stock (NASDAQ:WERN), Short Interest Report

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