Werner Enterprises (WERN) is grappling with a challenging freight market downturn and escalating operating expenses, impacting its financial performance and making it an unattractive investment option. This article delves into the key risks facing WERN, including downward earnings revisions, a weak Zacks Rank, and unfavorable industry conditions.
Canadian Pacific Kansas City Limited (CP) announced its first-quarter 2024 financial results, showing a 55.3% year-over-year increase in revenue to CA$3.52 billion. However, this fell short of the consensus estimate of CA$3.54 billion. The company reported an operating ratio of 67.4%, a rise of 400 basis points (bps) compared to 63.4% in the prior-year quarter. Adjusted operating ratio also increased by 50 bps to 64%. Adjusted combined earnings per share (EPS) were CA$0.93, up from CA$0.90 in Q1 2023 but below the consensus of CA$0.94. Overall, CP’s financial performance in the first quarter was mixed, with revenue growth offset by higher operating costs.
