Freightos (NASDAQ:CRGO) Releases Earnings Results, Misses Expectations By $0.04 EPS

Freightos (NASDAQ:CRGO) announced its quarterly earnings data on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.04), Zacks reports. Freightos had a negative return on equity of 37.28% and a negative net margin of 59.46%.

Here are the key takeaways from Freightos’ conference call:

• Q1 fell short of expectations as Freightos said softer-than-expected solution sales and lower transaction activity hurt results, largely tied to volatility and disruptions in Middle East trade corridors.
• Commercial momentum is improving, with the solutions pipeline described as roughly double last year’s level and customer demand growing for benchmarking, forecasting, and procurement intelligence tools.
• The company said its carrier network reached a record 79 active carriers, and it recently added another major carrier expected to strengthen its position in APAC.
• Transaction growth lagged targets: Freightos processed 425,000 transactions, up 15% year over year but below its 20%+ goal, and management said the Q1 shortfall will not be fully recovered this year.
• Freightos is tightening execution and cutting costs, including a plan expected to deliver about $4.5 million in annualized savings beginning in Q4 2026, while still targeting adjusted EBITDA breakeven by the end of 2026.

Freightos Stock Performance

Shares of CRGO stock opened at $1.95 on Tuesday. The firm has a market cap of $100.19 million, a price-to-earnings ratio of -5.57 and a beta of 0.28. Freightos has a 52-week low of $1.17 and a 52-week high of $4.24. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $1.84 and its 200 day moving average is $2.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hudson Bay Capital Management LP bought a new position in shares of Freightos in the 4th quarter worth $32,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Freightos during the fourth quarter valued at about $52,000. Barclays PLC bought a new stake in shares of Freightos in the 4th quarter valued at about $55,000. Balyasny Asset Management L.P. purchased a new position in shares of Freightos in the 4th quarter worth approximately $57,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Freightos in the first quarter worth $73,000. 22.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRGO has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Freightos in a report on Monday, April 20th. Craig Hallum restated a “buy” rating and set a $3.00 price target on shares of Freightos in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3.00.

About Freightos

Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company’s core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface.

In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.