Werner Enterprises Shares Slump as Early 3Q Readout Misses Expectations

Dow Jones10-20

Shares of Werner Enterprises fell after the company issued preliminary third-quarter results below Wall Street expectations, citing higher costs tied to fuel prices and hiring and retaining drivers.

Shares dropped 7.1% to $30.34 on Monday. The stock has been up 1.1% year to date.

The transportation and logistics provider on Monday said its financial results for the third quarter were negatively impacted by rapidly rising fuel costs, driver recruitment and retention investments and a late-quarter insurance reserve adjustment from past claims. The company expects its earnings to be impacted by about 18 cents per share compared with the second quarter of 2026.

The company expects revenues to come in between $946 million to $951 million for the quarter ended Sept. 30. Analysts polled by FactSet expect $955 million.

Werner Enterprises expects earnings between 10 cents and 11 cents per share.

On an adjusted basis, the company forecast earnings between 15 cents and 16 cents per share. Analysts polled by FactSet expect 35 cents per share.

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