Landstar System Inc expected to post earnings of $1.62 a share - Earnings Preview

Landstar System

29/01/2024 21:35

* Landstar System Inc  LSTR.OQ   LSTR.O  is expected to show
a
fall in quarterly revenue when it reports  results on January 31
for the period ending December 31 2023
    * The Jacksonville Florida-based  company is expected to
report a
25.8% decrease in revenue to $1.243 billion from $1.67 billion a
year ago, according to the mean estimate from 11 analysts, based
on LSEG data.The company's guidance on October 26 2023, for the
period ended December 31, was for revenue between $1.23 billion
and $1.28 billion.
    * ​LSEG's mean analyst estimate for Landstar System Inc is
for
earnings of $1.62 per share. The company's EPS guidance on
October 25 2023, for the period ended December 31, was between
$1.60 and $1.70 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 14
"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 $173.00​, below​ its last closing price of $197.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  2.62        2.62       2.60      Missed  -0.8
 ​​Sep.        2.76        2.76       2.76      Met     -0.1
 30 2022                                                
 Jun. 30 2022  3.26        3.23       3.05      Missed  -5.5​
 Mar. 31 2022  3.20        3.05       3.34      Beat    9.4
 Dec. 31 2021  2.90        2.84       2.99      Beat    5.1
 This summary was machine generated January 29 at 21:34 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)