U.S. Xpress Enterprises, Inc. (USX) is leading the company engaged in the movement of goods. The Company has grown into a key connection in the supply chain, providing a collection of capacity solutions. The company has a well-established fleet as well as novel over-the-road and brokerage solutions. Variant is its driver-first OTR segment serving to outline the future of logistics.
The price of USX stock during the regular trading on February 9, 2022, was $4.42 with a 3.27% increase. At last check in the aftermarket, the stock dipped by 18.10%.
USX: Key Financials
On February 9, 2022, USX released its financial results for the fourth quarter of 2021 ended December 31, 2021. Some of the key aspects are discussed below.
Revenue
Operating revenue in Q4 2021 is 531.5 million versus $455.5 million in the same period of 2020. The company beat the analysts’ estimates by $4.9 million. The company’s revenue increased by $76 million over the yearly period.
EPS
Diluted net loss per share attributable to controlling interest in Q4 2021 was $5.3 million, or $0.10 compared to net income of $7.6 million, or $0.15 in the same quarter of 2020. The company missed the analysts’ estimates by -$0.19 per share.
USX: Events and Happenings
On Jan. 27, 2022, USX updated about the receipt of the Human Rights Campaign Foundation’s 2022 Corporate Equality Index’s score of 75/100. On December. 30, 2021, USX was informed about the substantial development in key metrics evaluating its pledge to the communities and team affiliates.
On November 18, 2021, USX reported about the participation of its executive management at the Stephens Annual Investment Conference on December 2, 2021. On September 7, 2021, the company was informed about the presence of its Executive management at the Virtual Morgan Stanley 9th Annual Laguna Conference on September 14, 2021.
Conclusion
USX is 49% down the past six months due to restrictions put by the pandemic on the development. The company’s stock nose-dived in Wednesday’s aftermarket session as it reported the fourth-quarter financials. The company missed the estimated EPS target.