Heartland Express Inc reports results for the quarter ended in September 30 - Earnings Summary

Heartland Express

29/10/2024 14:17

* Heartland Express Inc  HTLD.OQ  reported a quarterly
adjusted
loss of 4 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -12 cents.  The mean expectation of six analysts
for the quarter was for a loss of one cent per share. Wall
Street expected results to range from -3 cents to 1 cents per
share.
    * Revenue fell 11.9% to $259.86 million from a year ago;
analysts
expected $268.44 million. 
    * Heartland Express Inc's reported EPS for the quarter was a
loss
of 4 cents​.
    * The company reported a quarterly loss of $9.28 million.
    * Heartland Express Inc shares had fallen by 7.3% this
quarter and
lost 20.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 766.5% in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "hold"

Wall Street's median 12-month price target for Heartland Express
Inc is $12.00 
This summary was machine generated from LSEG data October 29 at
02:17 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
 Sep. 30 2024      -0.01          -0.04          Missed
 Jun. 30 2024      -0.06          -0.04          Beat
 Mar. 31 2024      -0.12          -0.19          Missed
 Dec. 31 2023      -0.08          0.06           Beat