Swift Transportation report earnings of 55 cents a share for the fourth quarter, beating analysts' estimates of 48 cents a share by 7 cents. Revenue grew 5.6% year over year to $1.14 billion for the quarter, in line with analysts' estimates.
The trucking company expects earnings of $1.64 to $1.74 a share for full year 2015, compared to analysts' estimates of $1.70 a share for the year. The company said it remain "cautiously optimistic about the prospects for 2015 and beyond" following strong results in 2014.
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TheStreet Ratings team rates SWIFT TRANSPORTATION CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate SWIFT TRANSPORTATION CO (SWFT) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: SWFT Ratings Report
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