NEW YORK (TheStreet) -- Shares of Swift Transportation (SWFT) were gaining 6.4% to $23.84 on Friday after the trucking company beat analysts' estimates for earnings in the third quarter and guided above estimates for the full year 2014.
The company reported earnings of 39 cents a share, beating the 35 cents a share analysts surveyed by Zacks Investment Research expected. Revenue grew 3.9% year over year to $1.07 billion for the quarter, just below analysts' estimates of $1.1 billion.
Swift Transportation said it expects earnings of $1.26 to $1.33 a share for full year 2014, above analysts' estimates of $1.27 a share. The company expects earnings of $1.62 to $1.72 a share for 2015, compared to analysts' estimates of $1.65 a share.
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 revenue growth, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: SWFT Ratings Report