Landstar System Inc expected to post earnings of $1.28 a share - Earnings Preview

Landstar System

22/04/2024 23:38

* Landstar System Inc  LSTR.OQ   LSTR.O  is expected to show
a
fall in quarterly revenue when it reports  results on April 24
for the period ending March 31 2024
    * The Jacksonville Florida-based  company is expected to
report a
21.8% decrease in revenue to $1.122 billion from $1.44 billion a
year ago, according to the mean estimate from 9 analysts, based
on LSEG data.The company's guidance on January 31 2024, for the
period ended March 31, was for revenue between $1.10 billion and
$1.15 billion.
    * ​LSEG's mean analyst estimate for Landstar System Inc is
for
earnings of $1.28 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 13
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Landstar
System
Inc is $168.50​, below​ its last closing price of $171.41. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.60        1.62       1.62      Met     0
 Sep. 30 2023  1.71        1.71       1.71      Met     0.2
 Jun. 30 2023  1.79        1.83       1.85      Beat    1.1​
 Mar. 31 2023  2.07        2.07       2.17      Beat    4.9
 ​​Dec.        2.62        2.62       2.60      Missed  -0.8
 31 2022                                                
 Sep. 30 2022  2.76        2.76       2.76      Met     -0.1​
 Jun. 30 2022  3.26        3.23       3.05      Missed  -5.5
 Mar. 31 2022  3.20        3.05       3.34      Beat    9.4
 This summary was machine generated April 22 at 22:38 GMT.  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)