Dernières nouvelles pour Saia (NASDAQ:SAIA) Stock

Saia

Saia ranks among the 10 largest less-than-truckload carriers in the United States, with more than 200 facilities and a fleet of more than 6,200 tractors and 20,800 trailers. As a national LTL carrier, the firm offers time-definite and expedited options for shipments ranging between 100 and 10,000 pounds. Saia ranks among the top-tier providers in terms of profitability.

Saia Inc

Saia's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NYSE">SAIA</a>) short percent of float has risen 12.98% since its last report. The company recently reported that it has 2.22 million shares sold short, which is 10.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Saia Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731693615_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Saia has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Saia's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Saia's peer group average for short interest as a percentage of float is 4.80%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

SAIA

How Is The Market Feeling About Saia?

Barclays analyst Brandon Oglenski maintains Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) with a Overweight and raises the price target from $515 to $620.

News

Price Target

Analyst Ratings

Barclays Maintains Overweight on Saia, Raises Price Target to $620

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham boosted the price target for monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) from $300 to $350. Needham analyst Scott Berg maintained a Buy rating. monday.com shares closed at $275.21 on Monday. <a href="https://www.benzinga.com/quote/MNDY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Ascendiant Capital raised the price target for Myomo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYO#NYSE">MYO</a>) from $8.5 to $9. Ascendiant Capital analyst Edward Woo maintained a Buy rating. Myomo shares closed at $4.90 on Monday. <a href="https://www.benzinga.com/quote/MYO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co cut Phunware, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) price target from $9 to $6. HC Wainwright &amp; Co. analyst Scott Buck downgraded the stock from Buy to Neutral. Phunware shares settled at $5.99 on Monday. <a href="https://www.benzinga.com/quote/PHUN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised iHeartMedia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IHRT#NASDAQ">IHRT</a>) price target from $1 to $3. B of A Securities analyst Jessica Reif Cohen upgraded the stock from Underperform to Neutral. iHeartMedia shares closed at $2.49 on Monday. <a href="https://www.benzinga.com/quote/IHRT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) price target from $25 to $32. Deutsche Bank analyst Brad Zelnick upgraded the stock from Hold to Buy. SentinelOne shares closed at $27.18 on Monday. <a href="https://www.benzinga.com/quote/S/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham boosted Autolus Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUTL#NASDAQ">AUTL</a>) price target from $9 to $10. Needham analyst Gil Blum maintained a Buy rating. Autolus Therapeutics shares closed at $3.51 on Monday. See how other analysts view this stock.</li>
<li>Keefe, Bruyette &amp; Woods increased the price target for Horace Mann Educators Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMN#NYSE">HMN</a>) from $39 to $44. Keefe, Bruyette &amp; Woods analyst Meyer Shields downgraded the stock from Outperform to Market Perform. Horace Mann Educators shares settled at $42.31 on Monday. <a href="https://www.benzinga.com/quote/HMN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley slashed International Flavors &amp; Fragrances Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>) price target from $111 to $110. Morgan Stanley analyst Lisa De Neve upgraded the stock from Equal-Weight to Overweight. International Flavors shares closed at $91.21 on Monday. <a href="https://www.benzinga.com/quote/IFF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised the price target for NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) from $140 to $165. Mizuho analyst Vijay Rakesh maintained an Outperform rating. NVIDIA shares closed at $145.26 on Monday. <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup increased Saia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) price target from $534 to $651. Citigroup analyst Ariel Rosa maintained a Buy rating. Saia shares closed at $558.10 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Nvidia To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Tuesday

Citigroup analyst Ariel Rosa maintains Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) with a Buy and raises the price target from $534 to $651.

Citigroup Maintains Buy on Saia, Raises Price Target to $651

Old Dominion Freight Line Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) just reaffirmed its status as <a href="https://www.benzinga.com/topic/shipping">the gold standard</a> in less-than-truckload (LTL) freight, according to JPMorgan analyst Brian Ossenbeck, who recently pored over insights from the 2024 Mastio Survey.
<h2 class="wp-block-heading">Old Dominion's Playbook: The Industry's Gold Standard For 15 Years</h2>
The survey, with feedback from roughly 1,600 shippers, showcases Old Dominion's dominance in an industry where rivals are scrambling to catch up.
Despite the buzz around newer strategies, Ossenbeck's analysis indicates that Old Dominion still has a substantial lead. Peers like XPO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) and Saia Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) may be adopting aspects of Old Dominion's "playbook". They&#8217;ve been prioritizing service, improving network efficiency, and leveraging pricing power. But even after implementing these strategies, they've only narrowed the gap by 7%. 
Ossenbeck puts it simply—executing Old Dominion's playbook is easier said than done.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41487850/old-dominion-freight-line-q3-misses-on-earnings-and-revenue-as-economic-headwinds-weigh">Old Dominion Freight Line Q3: Misses On Earnings And Revenue As Economic Headwinds Weigh</a>
<h2 class="wp-block-heading">ArcBest, XPO Make Gains, While TForce, Saia Lag</h2>
Among the pack, ArcBest Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) and XPO made notable strides in 2024. 
ArcBest showed the largest service improvement, with strong gains in on-time pickup and delivery, key metrics for shippers. 
XPO, with its LTL 2.0 strategy, also achieved robust performance gains, especially with smaller shippers. Meanwhile, Estes held steady, maintaining a high service level but not outpacing peers in improvement.
At the other end of the spectrum, TForce Freight is struggling with cost efficiencies and service expectations. Saia, despite a network expansion, saw its service performance slip, a trend Ossenbeck expects to stabilize in the coming year.
And then there's FedEx Freight – which has the second-slowest performance improvement among national carriers.
For 15 years running, Old Dominion has been the reigning champ in LTL freight, while peers have been taking notes. According to Ossenbeck, OD's mastery in service, pricing, and network efficiency keeps it miles ahead – leaving everyone else playing catch-up.
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Photo: Jon Tetzlaff/Shutterstock.com

Analyst Color

Long Ideas

ARCB

ODFL

Old Dominion Sets Freight Standard As Rivals Trail Behind

Stephens &amp; Co. analyst Jack Atkins maintains Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) with a Overweight and raises the price target from $481 to $515.

Stephens & Co. Maintains Overweight on Saia, Raises Price Target to $515

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Baird raised AAON, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>) price target from $114 to $130. Baird analyst Timothy Wojs upgraded the stock from Neutral to Outperform. AAON shares closed at $111.19 on Friday. See how other analysts view this stock.</li>
<li>BMO Capital increased the price target for Saia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) from $465 to $495. BMO Capital analyst Fadi Chamoun maintained a Market Perform rating. Saia shares closed at $461.65 on Friday. <a href="https://www.benzinga.com/quote/SAIA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised the price target for Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) from $71 to $72. Morgan Stanley analyst Meta Marshall upgraded the stock from Equal-Weight to Overweight. Nutanix shares closed at $61.59 on Friday. <a href="https://www.benzinga.com/quote/NTNX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target from $278 to $298. Canaccord Genuity analyst George Gianarikas maintained a Buy rating. Tesla shares settled at $269.19 on Friday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham cut DENTSPLY SIRONA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRAY#NASDAQ">XRAY</a>) price target from $34 to $29. Needham analyst David Saxon maintained a Buy rating. DENTSPLY SIRONA shares closed at $23.31 on Friday. <a href="https://www.benzinga.com/quote/XRAY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Benchmark raised Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) price target from $150 to $165. Benchmark analyst David Williams maintained a Buy rating. Plexus shares closed at $141.19 on Friday. <a href="https://www.benzinga.com/quote/PLXS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler cut the price target for Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) from $67 to $63. Piper Sandler analyst Peter Keith maintained an Overweight rating. Wayfair shares settled at $44.39 on Friday. <a href="https://www.benzinga.com/quote/W/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) price target from $240 to $250. Piper Sandler analyst Patrick Moley maintained an Overweight rating. CME Group shares closed at $226.14 on Friday. <a href="https://www.benzinga.com/quote/CME/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital cut the price target for Hexcel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) from $70 to $68. BMO Capital analyst John McNulty maintained a Market Perform rating. Hexcel shares closed at $62.53 on Friday. <a href="https://www.benzinga.com/quote/HXL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc boosted Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) price target from $86 to $87. Keybanc analyst Bradley Thomas maintained an Overweight rating. Walmart shares closed at $82.51 on Friday. <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying TSLA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28091724/image-275-1024x519.png" alt="" class="wp-image-617086" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28091724/image-275-1024x519.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28091724/image-275-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28091724/image-275-768x389.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28091724/image-275.png 1227w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

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Tesla To Rally Around 11%? Here Are 10 Top Analyst Forecasts For Monday

BMO Capital analyst Fadi Chamoun maintains Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) with a Market Perform and raises the price target from $465 to $495.

BMO Capital Maintains Market Perform on Saia, Raises Price Target to $495

U.S. stocks were mixed, with the Nasdaq Composite gaining around 100 points on Friday.
Shares of Booz Allen Hamilton Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) rose sharply during Friday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/10/41543105/government-and-military-contractor-booz-allen-clocks-strong-q2-performance-backlog-expands-to-41-3b">quarterly EPS and sales.</a>
Booz Allen Hamilton reported fiscal second-quarter adjusted EPS of $1.81, topping the analyst consensus estimate of $1.49. Quarterly sales of $3.15 billion, up 18% year-on-year, beat the street view of $2.97 billion. The backlog grew by 17.7%, reaching $41.3 billion, while the quarterly book-to-bill ratio stood at 2.61x.
Booz Allen Hamilton shares jumped 10% to $183.21 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) shares jumped 49.6% to $6.30. ImmunityBio recently announced it dosed its first patients in its Phase 1 clinical study of CAR-NK cell therapy for relapsed B-Cell Non-Hodgkin Lymphoma.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) gained 32.4% to $29.50.</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) climbed 22.8% to $8.81 after the company reported third-quarter financial results and raised its 2024 guidance.</li>
<li>ZEEKR Intelligent Technology Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NASDAQ">ZK</a>) gained 21.5% to $28.08.</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) gained 13.3% to $50.37 following a report alleging that a judge blocked the company&#8217;s proposed acquisition of Capri. The company issued a statement on the ruling saying it intends to appeal the decision.</li>
<li>Sangamo Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) rose 11.7% to $1.6650.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 11.2% to $38.85.</li>
<li>AppFolio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) gained 10.4% to $211.98 after the company reported better-than-expected quarterly financial results and raised its FY24 revenue guidance. Also, Piper Sandler maintained an Overweight rating on the stock.</li>
<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) rose 10.2% to $167.53 after the company reported better-than-expected second-quarter financial results.</li>
<li>Digital Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) gained 10.2% to $182.01 after the company reported better-than-expected third-quarter FFO results and raised its FY24 FFO guidance.</li>
<li>Saia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) gained 9.2% to $452.58 following strong quarterly sales.</li>
<li>Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) surged 6.7% to $68.60 after the company reported better-than-expected quarterly financial results.</li>
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Intraday Update

Movers

APPF

DECK

FTEL

IBRX

SGMO

Booz Allen Posts Upbeat Q3 Earnings, Joins Deckers Outdoor, Saia, Boyd Gaming And Other Big Stocks Moving Higher On Friday

Stocks are ending the week on a high note, with tech leading the charge as investors position ahead of next week&#8217;s pivotal earnings releases from <a href="https://www.benzinga.com/topic/magnificent-7">five of the &#8220;Magnificent Seven&#8221; stocks.</a>
Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) will all report quarterly earnings between Oct. 29 and Oct. 31.
Combined, nearly 45% of the S&amp;P 500 by market cap is set to report results next week, with other heavyweights including McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>).
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) continued its upward trajectory on Friday, rising 2.7% following a massive 21% jump on Thursday — its biggest one-day gain since May 2013.
The S&amp;P 500 was up 0.5% at midday trading in New York, while the Nasdaq 100 surged by 1.5%, fueled by semiconductor stocks. 
The Dow Jones Industrial Average fell 0.3%, on track to end a six-week winning streak. The U.S. dollar strengthened further, with the DXY Index rising past the 104 mark, setting up for a fourth straight week of gains. Meanwhile, Treasury yields were steady. 
WTI crude rose 1.8%, driven by concerns over geopolitical tensions in the Middle East. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is up slightly at $67,695.
<h1 class="wp-block-heading">Friday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,500.56</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,839.28</td>
<td>0.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,219.60</td>
<td>0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,271.11</td>
<td>-0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102225&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.5% to $582.19.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $423.18.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.3% to $498.83.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.2% up to $220.09.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up by 1.4%. The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 0.9%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) rallied 7% to levels last seen in October 2021 on better-than-expected quarterly results. </li>
<li>Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) rallied over 10% after reporting record new lease bookings. </li>
</ul>
Other stocks reacting to earnings included:
<ul>
<li>Ameriprise Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>), down 0.13%</li>
<li>DexCom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>), down 1%</li>
<li>ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) up 7.6%, </li>
<li>Skechers U.S.A. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) down 0.2%, </li>
<li>Western Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) up 7.6%, </li>
<li>Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), up 11%</li>
<li>Edward Lifesciences Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>), down by 0.6%</li>
<li>HCA Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>), down 10%, </li>
<li>Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>), up 6%, </li>
<li>Colgate-Palmolive Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>), down 3.4%, </li>
<li>Centene Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>), up 6.7%, </li>
<li>Saia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>), up 9.2%. </li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41549147/goldman-sachs-analyst-remains-bullish-on-boeing-despite-weak-q3-long-term-deep-valu">Goldman Sachs Analyst Remains Bullish On Boeing Despite Weak Q3: &#8216;Long-Term Deep-Value Opportunity</a>&#8216;</li>
</ul>
Photo: Shutterstock

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Tech Stocks Rally As Investors Await Magnificent 7 Earnings; Dollar Eyes Fourth Straight Positive Week: What's Driving Markets Friday?

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Saia shares are trading higher. The company beat Q3 revenue estimates but missed on EPS.

Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.51 by 1.42 percent. The company reported quarterly sales of $842.103 million which beat the analyst consensus estimate of $839.884 million by 0.26 percent. This is a 8.64 percent increase over sales of $775.144 million the same period last year.

Earnings Beats

Earnings Misses

Saia Q3 2024 GAAP EPS $3.46 Misses $3.51 Estimate, Sales $842.103M Beat $839.884M Estimate

Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) will release its quarterly earnings report on Friday, 2024-10-25. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Saia to report an earnings per share (EPS) of $3.51.
Investors in Saia are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.17, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Saia's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>4</td>
<td>3.44</td>
<td>3.20</td>
<td>3.62</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>3.83</td>
<td>3.38</td>
<td>3.33</td>
<td>3.67</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-19.0%</td>
<td>-21.0%</td>
<td>14.000000000000002%</td>
<td>-9.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729782095_0.png" alt="eps graph" />
<h3>Saia Share Price Analysis</h3>
Shares of Saia were trading at $412.89 as of October 23. Over the last 52-week period, shares are up 19.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SAIA/earnings">To track all earnings releases for Saia visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Examining the Future: Saia's Earnings Outlook

Saia shares are trading lower after Stifel downgraded the stock from Buy to Hold and cut its price target from $440 to $437.

Stifel analyst J. Bruce Chan downgrades Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) from Buy to Hold and lowers the price target from $440 to $437.

Downgrades

Stifel Downgrades Saia to Hold, Lowers Price Target to $437

Jefferies analyst Stephanie Moore maintains Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) with a Buy and raises the price target from $480 to $500.

Jefferies Maintains Buy on Saia, Raises Price Target to $500

Wolfe Research analyst Scott Group upgrades Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) from Peer Perform to Outperform and announces $511 price target.

Upgrades

Wolfe Research Upgrades Saia to Outperform, Announces $511 Price Target

Goldman Sachs analyst Jordan Alliger maintains Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) with a Neutral and lowers the price target from $510 to $490.

Goldman Sachs Maintains Neutral on Saia, Lowers Price Target to $490

Saia shares are trading higher after Citigroup initiated coverage on the stock with a Buy rating and announced a price target of $518.

Citigroup analyst Ariel Rosa initiates coverage on Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) with a Buy rating and announces Price Target of $518.

Initiation

Citigroup Initiates Coverage On Saia with Buy Rating, Announces Price Target of $518

Jefferies analyst Stephanie Moore has reiterated their bullish stance on SAIA stock, giving a Buy rating today. Stephanie Moore has given her Buy r...

Saia: Poised for Long-Term Growth with Strong Momentum and Attractive Valuation

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on ITT (ITT – Research Report), XPO (XPO – Research Report) an...

Analysts Conflicted on These Industrial Goods Names: ITT (ITT), XPO (XPO) and Saia (SAIA)

An announcement from Saia ( ($SAIA) ) is now available. Saia, Inc. reported record third-quarter revenue of $842 million, marking an 8.6% increase ...

Saia Achieves Record Revenue with Strategic Expansion

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Citi analyst Ariel Rosa raised the firm's price target on Saia (SAIA) to $651 from $534 and keeps a Buy rating on the shares. The firm says sentime...

Saia price target raised to $651 from $534 at Citi

Barclays raised the firm's price target on Saia (SAIA) to $620 from $515 and keeps an Overweight rating on the shares. The firm says sharply higher...

Saia price target raised to $620 from $515 at Barclays

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