Heartland Express Inc reports results for the quarter ended in December - Earnings Summary

Heartland Express

01/02/2024 12:01

* Heartland Express Inc  HTLD.OQ  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 21 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 8 cents per
share. Wall Street expected results to range from -13 cents
to -5 cents per share.
    * Revenue fell 22.4% to $275.35 million from a year ago;
analysts
expected $294.01 million. 
    * Heartland Express Inc's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $5.1 million.
    * Heartland Express Inc shares had fallen by 9.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 78.6%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Heartland
Express
Inc is $14.00 

This summary was machine generated from LSEG data February 1 at
12:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.08          0.06           Beat
 Sep. 30 2023      0.08           -0.12          Missed
 Jun. 30 2023      0.17           0.11           Missed
 Mar. 31 2023      0.16           0.17           Beat