Latest Earnings Results: Q3 '26
Estimated EPS
$0.43
Reported EPS
$0.50
Surprise
+16.82%
Estimated Rev
$337M
Reported Rev
$353.89M
Surprise
+5.01%
• Reported GAAP EPS of $0.50 up 13.64% YoY • Reported revenue of $353.89M up 31.64% YoY • Covenant expects a modest sequential increase in earnings per share for the fourth quarter of 2026; net capital equipment expenditures for the balance of 2026 are expected to range from $35M to $40M.
Bullish Takeaway
Covenant's Managed Freight revenue grew 68.4% year over year with improved operating ratios, approximately 80% of fleet assets were under long-term contracts, and Dedicated freight revenue increased 4.2%.
Bearish Takeaway
Covenant reports tight driver capacity, cost inflation, lower Expedited freight revenue and tractor count, carrier capacity sourcing that can be challenging, and higher Managed Freight insurance and claims expense.
Generated by Stocktwits using AI and company-reported earnings data for Q3 '26. This recap is intended to help readers understand the quarter quickly. Verify key figures in the linked source materials; the summary may contain errors and is not investment advice.
Historical Earnings
Quarterly
Annual
EPS
Revenue
| Fiscal Period | Estimated | Reported | Surprise | Result |
|---|---|---|---|---|
Q4 '26 | $0.51 | -- | -- | N/A |
Q3 '26 | $0.43 | $0.50 | 16.82% | BEAT |
Q2 '26 | $0.43 | $0.42 | -1.18% | MISSED |
Q1 '26 | $0.24 | $0.26 | 7.79% | BEAT |
Q4 '25 | $0.34 | $0.31 | -7.49% | MISSED |