SAIA Stock Recent News

Saia, Inc. has benefited from better underlying fundamentals in the less-than-truckload space, as capacity is more limited and the failure of Yellow has created new opportunities. Management has executed well on a multiyear investment program that has significantly expanded the company's service coverage and driven share gains. Saia has opportunities for further growth through price discipline, scale leverage, and service quality improvements, and double-digit revenue growth is not out of reach.

JOHNS CREEK, Ga., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, announced that it will release its quarterly financial results before the market opens on Friday, October 27th. Saia management will host a conference call to discuss the results later that morning at 10:00 a.m. Eastern Time.

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Saia Inc ( SAIA , Financial), a prominent player in the transportation industry, has been making waves in the stock market. As of July 28, 2023, the company's stock price stands at $425.12, with a market cap of $11.28 billion.

Shares of trucking and logistics giant Saia Inc. NASDAQ: SAIA are rising by as much as 3% during Friday's trading session, closing the week with sizeable bullish momentum in the company. The reaction comes as the firm releases its second quarter 2023 earnings results, which flashed some warning signs regarding business drivers.

Saia (SAIA) came out with quarterly earnings of $3.42 per share, beating the Zacks Consensus Estimate of $3.25 per share. This compares to earnings of $4.10 per share a year ago.

Saia (SAIA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

JOHNS CREEK, Ga., July 13, 2023 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, announced that it will release its quarterly financial results before the market opens on Friday, July 28th. Saia management will host a conference call to discuss the results later that morning at 11:00 a.m. Eastern Time.

Saia, Inc. has made significant investments in property and equipment, helping create competitive advantages and potential for further FCF generation. Despite risks from inflation, supply chain constraints, and labor unavailability, the DCF model implies a higher valuation than the current stock price. Expansion into new territories and optimization at the operational level should lead to FCF growth and increased stock demand.

Less-than-truckload carrier Saia reported Friday another modest tonnage decline for the month of May, suggesting the worst of the industry's demand degradation may be in the rearview. Saia (NASDAQ: SAIA) said tonnage was down 2% year over year (y/y) in May, the combination of a 4.2% decline in shipments and a 2.3% increase in weight per shipment.