Q3 25 EPS
$-0.03
MISS 122.68%
Est. $0.13
Q3 25 Revenue
$771.5M
BEAT +1.14%
Est. $762.8M
vs S&P Since Q3 25
+66.3%
BEATING MARKET
WERN +75.6% vs S&P +9.3%
Market Reaction
Did WERN Beat Earnings? Q3 2025 Results
Werner Enterprises delivered a deeply disappointing third quarter, posting an adjusted loss per share of $0.03 that missed the $0.13 consensus estimate by 122.68%, even as revenue edged ahead of expectations. Total revenues rose 3.5% year over year t… Read more Werner Enterprises delivered a deeply disappointing third quarter, posting an adjusted loss per share of $0.03 that missed the $0.13 consensus estimate by 122.68%, even as revenue edged ahead of expectations. Total revenues rose 3.5% year over year to $771.50 million, beating the $762.83 million consensus by 1.14%, with the company's Logistics segment, up 12%, providing the primary growth engine while Truckload Transportation revenues slipped 1% to $519.79 million. The quarter's defining event was an $18.00 million class action litigation settlement, plus $3.40 million in related legal fees, which swung GAAP operating results to a loss of $13.02 million from $17.59 million in operating income a year ago and dragged adjusted operating income down 50% to $10.91 million. Looking ahead, management adopted a notably more cautious posture, revising the full-year TTS truck count outlook to a decline of 2% to flat, walking back prior growth expectations, while analysts have broadly trimmed price targets in response to the softer freight environment and uncertain recovery timeline.
Key Takeaways
- • Dedicated revenue grew both sequentially and year-over-year supported by new fleet awards
- • Logistics maintained double-digit topline growth with 12% revenue increase
- • PowerLink digital brokerage offering revenue grew 26%
- • Intermodal shipments increased 22% driving 23% revenue growth
- • Revenue per total mile in One-Way Truckload rose for fifth consecutive quarter
- • Insurance and claims expense increased $9.2 million year over year in TTS
- • Litigation settlement of $18 million plus $3.4 million legal fees impacted GAAP results
- • Reduced miles per truck per week in One-Way Truckload (-4.7%) pressured performance
- • Fuel surcharge revenues declined $3.3 million
WERN YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
WERN Revenue by Segment
With YoY comparisons, source: SEC Filings
WERN Earnings Trends
WERN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WERN EPS Trend
Earnings per share: estimate vs actual
WERN Revenue Trend
Quarterly revenue: estimate vs actual
WERN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.06 | $0.02 | +132.10% | $808.6M | -0.65% |
| Q4 25 MISS FY | $0.10 | $0.05 | -52.34% | $737.6M | -3.08% |
| FY Full Year | $0.06 | $-0.02 | -133.61% | $2.97B | -0.80% |
| Q3 25 MISS | $0.13 | $-0.03 | -122.68% | $771.5M | +1.14% |
| Q2 25 BEAT | $0.05 | $0.11 | +124.49% | $753.1M | +2.57% |
| Q1 25 MISS | $0.12 | $-0.12 | -203.72% | $712.1M | -3.67% |