Hey there. The uplisting for sure will give them more exposure. But it's important we focus on the fundamental results of the company first and foremost.
Outstanding earnings from Titanium yesterday as well.
Estimates were for $0.07 EPS, $122.64M in revenue and $11.34M EBITDA. Revenue came in at $136.2M, EBITDA $16.3M. Earnings $0.17. It now expects to exceed its previously issued guidance on the year.
So, it pretty much crushed estimates. However, the company did issue a bit of a cautious tone on forward outlook:
" In the second half of the year, while overall industry growth is expected to moderate, management remains cautiously optimistic despite near-term, inflationary pressure on input costs. This includes, but not limited to fuel costs, driver wages, rising purchase prices for tractors, trailers and other direct inputs that are expected to persist across the industry. However, rising interest rates are also expected to ultimately dampen these inflationary pressures, though the timing and magnitude of these impacts remain to be determined."
I personally do not own this company as I have a full position in TFI International. In fact, it's one of my largest holdings. Overall though, when the market gets to a bit more "risk-on" mentality, you will start to see money flowing back into these small caps. I'd still maintain a small position in Titanium if I did own it. I like the forward prospects.