Covenant Net Income Applicable To Common Shares from 2010 to 2026

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Covenant Logistics' Net Income Applicable To Common Shares is increasing over the last several years with slightly volatile swings. Net Income Applicable To Common Shares is estimated to finish at about 131.2 M this year. Net Income Applicable To Common Shares is the net income that remains after preferred dividends have been deducted, available to common shareholders. View All Fundamentals
 
Net Income Applicable To Common Shares  
First Reported
2018-06-30
Previous Quarter
11.5 M
Current Value
16.6 M
Quarterly Volatility
16.2 M
 
Covid
 
Interest Hikes
Check Covenant Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Covenant Logistics' main balance sheet or income statement drivers, such as Interest Expense of 16.4 M, Selling General Administrative of 88.9 M or Total Revenue of 1 B, as well as many indicators such as . Covenant financial statements analysis is a perfect complement when working with Covenant Logistics Valuation or Volatility modules.
  
This module can also supplement various Covenant Logistics Technical models . Check out the analysis of Covenant Logistics Correlation against competitors.
The Net Income Applicable To Common Shares trend for Covenant Logistics Group offers valuable insights into the company's financial trajectory and strategic direction. By examining multi-year patterns, investors can identify whether Covenant Logistics is strengthening or weakening its position, and how this metric correlates with broader market conditions and industry benchmarks.

Latest Covenant Logistics' Net Income Applicable To Common Shares Growth Pattern

Below is the plot of the Net Income Applicable To Common Shares of Covenant Logistics Group over the last few years. It is the net income that remains after preferred dividends have been deducted, available to common shareholders. Covenant Logistics' Net Income Applicable To Common Shares historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Covenant Logistics' overall financial position and show how it may be relating to other accounts over time.
Net Income Applicable To Common Shares10 Years Trend
Slightly volatile
   Net Income Applicable To Common Shares   
       Timeline  

Covenant Net Income Applicable To Common Shares Regression Statistics

Arithmetic Mean57,414,166
Coefficient Of Variation79.83
Mean Deviation35,118,803
Median42,085,000
Standard Deviation45,836,191
Sample Variance2101T
Range174M
R-Value0.59
Mean Square Error1462.8T
R-Squared0.35
Significance0.01
Slope5,348,795
Total Sum of Squares33615.3T

Covenant Net Income Applicable To Common Shares History

2026131.2 M
2025125 M
2022108.7 M
202160.7 M
2020-42.7 M
20198.5 M
201842.5 M

About Covenant Logistics Financial Statements

Covenant Logistics stakeholders use historical fundamental indicators, such as Covenant Logistics' Net Income Applicable To Common Shares, to determine how well the company is positioned to perform in the future. Although Covenant Logistics investors may analyze each financial statement separately, they are all interrelated. For example, changes in Covenant Logistics' assets and liabilities are reflected in the revenues and expenses on Covenant Logistics' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Covenant Logistics Group. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Net Income Applicable To Common Shares125 M131.2 M

Currently Active Assets on Macroaxis

When determining whether Covenant Logistics 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 the analysis of Covenant Logistics Correlation against competitors.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
It's important to distinguish between Covenant Logistics' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Covenant Logistics should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Covenant Logistics' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.