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

Heartland Express

25/04/2024 13:00

* Heartland Express Inc  HTLD.OQ  reported a quarterly
adjusted
loss of 19 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 17 cents.  The mean expectation of five analysts for the
quarter was for a loss of 12 cents per share. Wall Street
expected results to range from -14 cents to -10 cents per share.
    * Revenue fell 18.3% to $270.32 million from a year ago;
analysts
expected $265.00 million. 
    * Heartland Express Inc's reported EPS for the quarter was a
loss
of 19 cents​.
    * The company reported a quarterly loss of $15.11 million.
    * Heartland Express Inc shares had fallen by 13.5% this
quarter and lost 27.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 49%
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," 4
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Heartland
Express
Inc is $12.50 

This summary was machine generated from LSEG data April 25 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
 Mar. 31 2024      -0.12          -0.19          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