NYSE$CVLG

Covenant Logistics Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Headline financials

Total Revenue

$296M

Previous: $294M+0.6%
EPS (adj)

$0.69

Previous: $0.54+27.8%
Avg Freight Revenue per Tractor per Week

$5.42K

No prior period
Avg Freight Revenue per Total Mile

$2.53

No prior period
Avg Miles per Tractor per Period

28.1K

No prior period
Weighted Avg Tractors for Period

2.2K

No prior period
Capital Expenditures

$39.1M

Previous: $13.5M+189.7%
Free Cash Flow

-$899K

Previous: -$8.5M+89.4%
Net Income

$11.5M

Previous: $17.7M-35.1%
Operating Income

-$1.98M

Previous: $18.2M-110.8%
Gross Profit

$38.9M

Previous: $40.1M-3.0%
Cash & Equivalents

$68.7M

Previous: $8.41M+716.3%
Total Assets

$797M

Previous: $652M+22.2%
Stock-Based Comp

$1.45M

Previous: $9.06M-84.0%

Revenue & EPS history

Covenant Logistics · Revenue · Quarterly

$296M

Q4 2022+0.6%vs Q4 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Covenant Logistics · $255M total across 4 segments · Q4 2022

  • Expedited - Truckload
    $90.4M
  • Managed Freight
    $76.2M
  • Dedicated - Truckload
    $67.5M
  • Warehousing
    $21.2M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+0.3%

Avg return

Earnings day

+4.2%

Avg return

5 days after

+6.0%

Avg return

30 days after

53%

21 / 40 earnings

Positive

+17.5%

Q2 2022

Best reaction

-19.7%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%+11.7%+19.6%
Q4 2025-4.4%+10.5%+13.9%
Q3 2025-9.4%-7.7%-12.7%
Q2 2025-1.8%-2.9%-5.0%
Q1 2025+10.4%+5.9%+17.0%
Q4 2024-2.9%-1.4%-11.7%
Q3 2024-2.3%-1.3%+9.9%
Q2 2024+6.8%+6.3%+4.6%
Q1 2024+1.1%+2.8%+7.2%
Q4 2023+2.7%+3.9%+6.5%
Q3 2023-6.3%-6.9%+1.4%
Q2 2023+13.0%+15.5%+3.9%
Q1 2023+14.7%+20.7%+14.3%
Q4 2022-19.4%-12.0%-6.2%
Q3 2022+3.9%+11.5%+23.0%
Q2 2022+17.5%+14.0%+10.8%
Q1 2022+8.4%+12.7%+17.2%
Q4 2021-4.5%-1.0%+2.3%
Q3 2021-19.7%-16.4%-19.0%
Q2 2021+5.8%+4.9%+18.4%
Q1 2021+9.2%+10.0%+13.3%
Q4 2020-7.1%-5.7%+16.1%
Q3 2020-11.1%-20.7%+6.6%
Q2 2020+6.1%+18.2%+1.9%
Q1 2020-1.2%+25.8%+56.3%
Q4 2019-2.1%+5.0%+19.4%
Q3 2019+1.5%+3.3%-14.9%
Q2 2019+4.1%+11.1%-4.8%
Q1 2019-3.9%-5.3%-20.0%
Q4 2018+0.7%+6.5%+10.8%
Q3 2018-1.8%-0.8%-6.2%
Q2 2018+1.4%+1.9%+1.0%
Q1 2018-3.2%-5.3%+3.7%
Q4 2017+1.6%+1.2%-11.1%
Q3 2017+4.4%+8.0%+9.2%
Q2 2017+1.7%+10.9%+26.6%
Q1 2017-0.4%+8.3%-1.2%
Q4 2016+0.6%+9.1%+0.5%
Q3 2016-1.1%+6.8%+26.8%
Q2 2016-0.7%+9.8%-7.8%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
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Q1 2014
Q4 2013
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Q4 2012
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Q2 2011
Q4 2011
Q4 2009
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Q4 2010
Q1 2011
Q3 2010
Q2 2010
Q1 2010

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