Covenant Logistics

Q2 FY2026 EarningsQ2 FY26 results missed consensus across bottom-line metrics despite a slight revenue beat. Revenue reached $332.9M (+9.9% YoY) vs. $334.4M expected, driven by the Star acquisition and Dedicated segment growth. However, GAAP Diluted EPS of $0.32 missed the $0.45 mean estimate, and EBIT of $8.8M fell significantly short of the $15.5M consensus due to elevated operations and maintenance costs and a disappointing 97.3% operating ratio. Management expects a modest sequential increase in EPS for Q3 FY26, though insurance volatility remains a structural headwind.