Upside Potential Remains For WERN Stock, J.P. Morgan Reports

On Wednesday afternoon, Werner Enterprises Inc. (NASDAQ: WERN) reported 1Q earnings of $0.22/share, “which was slightly above Consensus of $0.21 and well above our estimate of $0.17,” J.P. Morgan reports.

“WERN's 1Q EPS showed solid cost side execution and pricing which led to meaningful y/y margin expansion,” J.P. Morgan writes. “We expect WERN to remain on a favorable path of margin expansion and EPS growth which should support a further move up in the stock.”

J.P. Morgan concluded by saying that it believed that upside potential remains for WERN stock.

Werner Enterprises closed Wednesday at $25.98.