Covenant Logistics schedules results: analysts set USD 53.20 target for Covenant Logistics stock

Published on 10/25/2026 at 03:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 332.87 million, 2.21 percent below consensus. Seven analysts rate Covenant Logistics stock Moderate Buy.

Upcoming results and analyst revisions

TD Cowen cut its target to USD 42.00 from USD 43.00 on October 5, 2026.
Second-quarter revenue reached USD 332.87 million, below the USD 340.40 million consensus estimate.
Covenant Logistics plans to publish third-quarter results after 4:00 p.m. ET on October 29, 2026.

CVLG, US22284P1057, Illustration mit AI erstellt.

Covenant Logistics (ISIN US22284P1057) has a USD 53.20 average analyst target, according to MarketBeat on October 23, 2026. The company had scheduled its third-quarter results for October 29 in a release dated October 2, 2026, as reported by StockTitan.

Target optimism meets weaker earnings

The USD 53.20 average target stands against the latest NYSE quote of USD 29.19 on October 23, 2026 at 4:00 p.m. ET. MarketBeat reported that seven analysts assigned Covenant Logistics a Moderate Buy consensus, with four Buy ratings, two Holds and one Strong Buy.

The latest operating figures explain the tension. For the second quarter of 2026, revenue was USD 332.87 million, while the USD 340.40 million consensus estimate represented a shortfall of 2.21 percent, according to MarketBeat. Consolidated net income was USD 8.535 million and diluted earnings per share were USD 0.32 for that period.

What changed before the results?

Three dated developments frame the next report. On July 29, 2026, Covenant Logistics published second-quarter results with USD 332.87 million in revenue. On October 2, 2026, the company scheduled the third-quarter release for October 29. On October 5, 2026, TD Cowen cut its target to USD 42.00 from USD 43.00 while retaining a Buy rating, according to Markets Insider.

Which dates come next?

Covenant Logistics plans to release third-quarter earnings after 4:00 p.m. ET on October 29, 2026, followed by a conference call at 10:00 a.m. ET on October 30, 2026, according to StockTitan. The two dates give investors a defined timetable for testing whether freight-rate gains can improve profitability.

Stock context before the report

Covenant Logistics operates expedited, dedicated and managed freight services alongside warehousing and equipment leasing. Its primary listing is on the NYSE, and its market capitalization was USD 740.8 million on October 23, 2026; the 52-week range was USD 18.00 to USD 49.88.

The latest NYSE quote stood at USD 29.19 on October 23, 2026 at 4:00 p.m. ET. The further course of trading is shown by the continuously updated real-time quote of Covenant Logistics stock.