Earnings Preview: Covenant Logistics Group

Covenant Logistics GroupCVLG is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

Analysts estimate that Covenant Logistics Group will likely report an Earnings Per Share (EPS) of $1.02

Covenant Logistics Group bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

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).

Past Earnings Performance

Last quarter the company beat on EPS by $43.28, which was followed by a 3.86 increase in the share price the next day.

Here's a look at Covenant Logistics Group's past performance and the resulting price change:

Stock Performance

Shares of Covenant Logistics Group were trading at $32.84 as of October 18. Over the last 52-week period, shares are up 81.3%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

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