Covenant Logistics (CVLG) closed at $28.29 in the latest trading session, marking a -1.29% move from the prior day. This move lagged the S&P 500's daily loss of 1.13%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 0.14%.Coming into today, shares of the truckload transportation services provider had lost 12.22% in the past month. In that same time, the Transportation sector lost 9.58%, while the S&P 500 lost 7.59%.Investors will be hoping for strength from Covenant Logistics as it approaches its next earnings release. The company is expected to report EPS of $1.37, up 34.31% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $296 million, up 7.81% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $5.43 per share and revenue of $1.2 billion, which would represent changes of +50.42% and +14.71%, respectively, from the prior year.Investors might also notice recent changes to analyst estimates for Covenant Logistics. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Covenant Logistics is currently sporting a Zacks Rank of #1 (Strong Buy).Looking at its valuation, Covenant Logistics is holding a Forward P/E ratio of 5.28. This valuation marks a discount compared to its industry's average Forward P/E of 11.27.The Transportation - Truck industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 14, which puts it in the top 6% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Special Report: The Top 5 IPOs for Your Portfolio Today, you have a chance to get in on the ground floor of one of the best investment opportunities of the year. As the world continues to benefit from an ever-evolving internet, a handful of innovative tech companies are on the brink of reaping immense rewards - and you can put yourself in a position to cash in. One is set to disrupt the online communication industry. Brilliantly designed for creating online communities, this stock is poised to explode when made public. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity.>>See Zacks’ Hottest IPOs NowWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Covenant Logistics Group, Inc. (CVLG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research