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Covenant Transportation Group Inc  (CVTI)
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CVTI's Operating Income Growth by Quarter and Year

Covenant Transportation Group Inc's Operating Income results by quarter and year




CVTI Operating Income (in millions $) FY 2019 FY 2018 FY 2017 FY 2016
IV Quarter December 3.70 16.18 9.04 7.32
III Quarter September -1.93 14.07 3.96 7.42
II Quarter June 8.84 6.43 0.31 24.34
I Quarter March 22.32 14.84 5.45 14.63
FY   32.93 51.52 18.76 53.71



CVTI Operating Income forth quarter 2019 Y/Y Growth Comment
Covenant Transportation Group Inc reported drop in Operating Income in the forth quarter by -77.16% to $ 3.70 millions, from the same quarter in 2018.
The fall in the forth quarter Covenant Transportation Group Inc's Operating Income compares unfavorably to the Company's average Operating Income doubling of 263.21%.

Looking into forth quarter results within Transport & Logistics industry 24 other companies have achieved higher Operating Income growth. While Covenant Transportation Group Inc' s Operating Income meltdown of -77.16% ranks overall at the positon no. 1998 in the forth quarter.

Explain Operating Income growth


CVTI Operating Income ( Y/Y Growth %) 2019
2018 2017 2016
IV Quarter December -77.16 % 78.98 % 23.5 % -61 %
III Quarter September - 255.3 % -46.63 % -26.1 %
II Quarter June 37.48 % 1974.19 % -98.73 % -1.26 %
I Quarter March 50.4 % 172.29 % -62.75 % 161.72 %
FY   -36.09 % 174.63 % -65.07 % -9.04 %

Financial Statements
Covenant Transportation Group Inc's forth quarter 2019 Operating Income $ 3.70 millions CVTI's Income Statement
Covenant Transportation Group Inc's forth quarter 2018 Operating Income $ 16.18 millions Quarterly CVTI's Income Statement
New: More CVTI's historic Operating Income Growth >>


CVTI Operating Income (Quarter on Quarter Growth %)

2019
2018 2017 2016
IV Quarter December - 15 % 128.28 % -1.35 %
III Quarter September - 118.82 % 1177.42 % -69.52 %
II Quarter June -60.39 % -56.67 % -94.31 % 66.37 %
I Quarter March 37.95 % 64.16 % -25.55 % -22.06 %
FY (Year on Year)   -36.09 % 174.63 % -65.07 % -9.04 %




Operating Income forth quarter 2019 Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry #25
Transportation Sector #58
Overall #1998

Operating Income Y/Y Growth Statistics
High Average Low
2737.01 % 263.21 % -95.83 %
(Mar 31 2015)   (Mar 31 2017)
Operating Income forth quarter 2019 Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry #25
Transportation Sector #58
Overall #1998
Operating Income Y/Y Growth Statistics
High Average Low
2737.01 % 263.21 % -95.83 %
(Mar 31 2015)   (Mar 31 2017)

Operating Income by Quarter for the Fiscal Years 2016, 2017, 2018, 2019

Covenant Transportation Group Inc's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
2458.19 % 208.7 % -96.01 %
(Jun 30 2014)  


CVTI's IV. Quarter Q/Q Operating Income Comment
IV. Quarter 2019Periodic Covenant Transportation Group Inc in the circumstances Operating Loss of $ 3.70 millionsPeriodic circumstances appear to have contributed Covenant Transportation Group Inc's return to positive trends, as CVTI deliverOperating Income of $ 3.70 millions in the IV. Quarter 2019 emerging from Operating Loss-1.93 millions in the third quarter. Covenant Transportation Group Inc announced in the IV. Quarter 2019 Operating Income of $ 3.70 millions compare to Operating Loss recorded in previos quarter.

Within Transport & Logistics industry Covenant Transportation Group Inc achieved highest sequential Operating Income growth. While Covenant Transportation Group Inc's Operating Income growth quarter on quarter, overall rank is 0.


Operating Income Q/Q Growth Company Ranking
Within: No.
Transport & Logistics Industry #
Transportation Sector #
Overall #0
Operating Income Q/Q Growth Company Ranking
Within: No.
Transport & Logistics Industry #
Transportation Sector #
Overall #0
Operating Income Q/Q Growth Statistics
High Average Low
2458.19 % 208.7 % -96.01 %
(Jun 30 2014)  


CVTI's IV. Quarter Q/Q Operating Income Comment
IV. Quarter 2019Cyclical Covenant Transportation Group Inc in the factors Operating Loss of $ 3.70 millionsCyclical factors seem to have led to Covenant Transportation Group Inc's rebound to recovery, as CVTI clinchesOperating Income of $ 3.70 millions in the IV. Quarter 2019 emanate Operating Loss-1.93 millions in the third quarter. Covenant Transportation Group Inc announced in the IV. Quarter 2019 Operating Income of $ 3.70 millions compare to Operating Loss recorded in previos quarter.

Within Transport & Logistics industry Covenant Transportation Group Inc achieved highest sequential Operating Income growth. While Covenant Transportation Group Inc's Operating Income growth quarter on quarter, overall rank is 0.


Covenant Transportation Group Inc's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2019)
12 Months Ending
(Sep 30 2019)
12 Months Ending
(Jun 30 2019)
12 Months Ending
(Dec 31 2018)
12 Months Ending
(Sep 30 2018)
Cumulative Operating Income 12 Months Ending $ 32.92 $ 45.41 $ 61.41 $ 58.99 $ 51.51
Y / Y Operating Income Growth (TTM) -36.09 % 2.33 % 79.17 % 109.5 % 174.62 %
Year on Year Operating Income Growth Overall Ranking # 1938 # 1275 # 310 # # 270
Seqeuential Operating Income Change (TTM) -27.5 % -26.05 % 4.1 % 14.5 % 16.09 %
Seq. Operating Income Growth (TTM) Overall Ranking # 2112 # 2312 # 952 # # 595




Cumulative Operating Income growth Comment
For the 12 months ended Dec 31 2019 Covenant Transportation Group Inc reported a drop in Operating Income by -36.09% year on year, to $33 millions, compare to the 2.33% growth at Sep 30 2019.

In the Transportation sector 51 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1275 to 1938.

Operating Income TTM Q/Q Growth Statistics
High Average Low
66.07 %
5.7 %
-53.97 %
(Dec. 30, 2014)  

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry # 21
Transportation Sector # 52
Overall # 1923

Operating Income TTM Y/Y Growth Statistics
High Average Low
185.24 %
48.69 %
-73.86 %
(Sep. 30, 2015)  


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 22
Sector # 57
S&P 500 # 2096
Cumulative Operating Income growth Comment
For the 12 months ended Dec 31 2019 Covenant Transportation Group Inc reported a drop in Operating Income by -36.09% year on year, to $33 millions, compare to the 2.33% growth at Sep 30 2019.

In the Transportation sector 51 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1275 to 1938.

Operating Income TTM Q/Q Growth Statistics
High Average Low
66.07 %
5.7 %
-53.97 %
(Dec. 30, 2014)  


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry # 21
Transportation Sector # 52
Overall # 1923

Operating Income TTM Y/Y Growth Statistics
High Average Low
185.24 %
48.69 %
-73.86 %
(Sep. 30, 2015)  


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 22
Sector # 57
S&P 500 # 2096




Other Operating Income Growth
Transport & Logistics Industry Operating Income Growth Trends and Statistics
Transportation Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
CVTI's Operating Income Growth Ratio versus Transport & Logistics Industry, Transportation Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for CVTI's Competitors
Operating Income Growth for Covenant Transportation Group Inc's Suppliers
Operating Income Growth for CVTI's Customers

You may also want to know
CVTI's Annual Growth Rates CVTI's Profitability Ratios CVTI's Asset Turnover Ratio CVTI's Dividend Growth
CVTI's Roe CVTI's Valuation Ratios CVTI's Financial Strength Ratios CVTI's Dividend Payout Ratio
CVTI's Roa CVTI's Inventory Turnover Ratio CVTI's Growth Rates CVTI's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Dec 31 2019 within Transportation SectorY/Y Change %Operating Income for the quarter ending Dec 31 2019
Knot Offshore Partners Lp -0.74 %$ -0.738 millions
Marten Transport Ltd -3.84 %$ -3.844 millions
Forward Air Corp -6.27 %$ -6.269 millions
Csx Corporation -7.61 %$ -7.606 millions
Kansas City Southern -7.96 %$ -7.956 millions
Spirit Airlines Inc -8.41 %$ -8.408 millions
Norfolk Southern Corporation -10.76 %$ -10.761 millions
Gatx Corporation -12.06 %$ -12.060 millions
Werner Enterprises Inc -12.38 %$ -12.381 millions
Universal Logistics Holdings Inc -13.42 %$ -13.424 millions
Old Dominion Freight Line Inc -13.97 %$ -13.974 millions
Matson inc -16.72 %$ -16.721 millions
Expeditors International Of Washington Inc -16.90 %$ -16.897 millions
Saia Inc -17.72 %$ -17.717 millions
Southwest Airlines Co -18.90 %$ -18.902 millions
Hub Group Inc -19.44 %$ -19.443 millions
Mastercraft Boat Holdings, Inc. -29.80 %$ -29.799 millions
Marine Products Corp -30.55 %$ -30.552 millions
Golden Ocean Group Limited -30.59 %$ -30.588 millions
Mesa Air Group Inc -30.70 %$ -30.698 millions
Skywest Inc -31.03 %$ -31.031 millions
Landstar System Inc -33.93 %$ -33.926 millions
Schneider National Inc -34.15 %$ -34.148 millions
Heartland Express Inc -40.25 %$ -40.247 millions
Star Bulk Carriers Corp -44.14 %$ -44.142 millions
Dht Holdings Inc -49.03 %$ -49.033 millions
Radiant Logistics Inc -52.36 %$ -52.362 millions
Echo Global Logistics inc -62.87 %$ -62.868 millions
C h Robinson Worldwide Inc -64.03 %$ -64.027 millions
Knight swift Transportation Holdings Inc -69.38 %$ -69.376 millions


             
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