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Shares of Covenant Trans-A Rank the Highest in Terms of Projected Earnings Growth in the Trucking Industry (CVTI, ARCB, SAIA, KNX, WERN)

By Shiri Gupta

Below are the three companies in the Trucking industry with the highest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Covenant Trans-A ranks highest with a projected earnings growth of 119.2%. Arcbest Corp is next with a projected earnings growth of 114.6%. Saia Inc ranks third highest with a projected earnings growth of 72.3%.

Knight Transport follows with a projected earnings growth of 66.1%, and Werner Ent rounds out the top five with a projected earnings growth of 57.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Covenant Trans-A on October 1st, 2019 by issuing a Downtrend alert when the shares were trading at $16.08. Since that call, shares of Covenant Trans-A have fallen 20.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest projected earnings growth covenant trans-a arcbest corp saia inc knight transport werner ent

Ticker(s): CVTI ARCB SAIA KNX WERN