Covenant Historical Income Statement
| CVLG Stock | USD 22.20 0.71 3.10% |
Historical analysis of Covenant Logistics income statement accounts such as Interest Expense of 7 M, Selling General Administrative of 116.3 M or Total Revenue of 728.8 M can show how well Covenant Logistics Group, performed in making a profits. Evaluating Covenant Logistics income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Covenant Logistics's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Covenant Logistics Group, latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Covenant Logistics Group, is a good buy for the upcoming year.
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About Covenant Income Statement Analysis
Covenant Logistics Group, Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Covenant Logistics shareholders. The income statement also shows Covenant investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Covenant Logistics Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Covenant Logistics Group, generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Covenant Logistics Group, minus its cost of goods sold. It is profit before Covenant Logistics operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Covenant Logistics Group,. It is also known as Covenant Logistics overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Covenant Logistics' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Covenant Logistics Group, current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Covenant Logistics' EBIT is most likely to increase significantly in the upcoming years. The Covenant Logistics' current EBITDA is estimated to increase to about 153.3 M, while Selling General Administrative is projected to decrease to roughly 116.3 M.
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 186.0M | 164.2M | 189.6M | 179.6M | Total Revenue | 1.2B | 1.1B | 1.1B | 728.8M |
Covenant Logistics income statement Correlations
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Covenant Logistics Account Relationship Matchups
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Covenant Logistics income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 64.1M | 53.9M | 57.5M | 69.9M | 86.5M | 90.9M | |
| Interest Expense | 6.8M | 2.8M | 3.1M | 8.0M | 13.6M | 7.0M | |
| Selling General Administrative | 93.1M | 73.0M | 93.7M | 104.6M | 131.3M | 116.3M | |
| Total Revenue | 838.6M | 1.0B | 1.2B | 1.1B | 1.1B | 728.8M | |
| Gross Profit | 109.6M | 147.3M | 186.0M | 164.2M | 189.6M | 179.6M | |
| Other Operating Expenses | 833.7M | 982.6M | 1.1B | 1.0B | 1.1B | 799.6M | |
| Operating Income | (56.7M) | 24.3M | 48.0M | 58.8M | 44.8M | 47.0M | |
| Ebit | (8.7M) | 24.3M | 48.0M | 80.2M | 59.5M | 62.4M | |
| Ebitda | 55.4M | 78.1M | 105.6M | 150.2M | 146.0M | 153.3M | |
| Cost Of Revenue | 729.0M | 898.7M | 1.0B | 939.4M | 941.8M | 481.8M | |
| Total Operating Expenses | 104.7M | 83.9M | 105.6M | 105.4M | 144.9M | 231.1M | |
| Income Before Tax | (16.9M) | 79.2M | 142.8M | 72.2M | 45.9M | 23.3M | |
| Total Other Income Expense Net | (2.9M) | 12.0M | 22.1M | 13.4M | 1.1M | 569.1K | |
| Net Income | (14.1M) | 60.7M | 108.7M | 55.2M | 35.9M | 37.7M | |
| Income Tax Expense | (2.8M) | 21.0M | 34.9M | 17.6M | 10.6M | 7.5M | |
| Tax Provision | (2.8M) | 21.0M | 34.9M | 16.4M | 10.6M | 9.4M | |
| Net Interest Income | (6.8M) | (2.8M) | (3.1M) | (6.4M) | (13.6M) | (14.3M) | |
| Net Income From Continuing Ops | (14.1M) | 58.2M | 107.9M | 53.3M | 35.3M | 44.5M | |
| Net Income Applicable To Common Shares | 8.5M | (42.7M) | 60.7M | 108.7M | 125.0M | 131.2M | |
| Discontinued Operations | 3.3M | (28.6M) | 2.5M | 750K | 675K | 708.8K | |
| Reconciled Depreciation | 65.5M | 53.9M | 57.5M | 67.5M | 86.5M | 56.0M |
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When determining whether Covenant Logistics Group, is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.45) | Dividend Share 0.22 | Earnings Share 1.28 | Revenue Per Share | Quarterly Revenue Growth 0.012 |
The market value of Covenant Logistics Group, is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.