Late-December swoon has analysts cutting Q4 estimates again

Analysts are cutting truckload earnings estimates again just ahead of fourth-quarter reports, which will start to trickle in later this week. Recent channel checks revealed a notable falloff in fundamentals in the back half of December, dispelling hopes that the quarter would be a transitionary period.

“We understand that multiple companies across multiple sub-sectors across our industry saw a sharp drop-off in on-the-ground activity toward the very end of December, which has the potential to...

https://www.freightwaves.com/news/late-december-swoon-has-analysts-cutting-q4-estimates-again

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