Landstar System Inc expected to post earnings of $1.71 a share - Earnings Preview

Landstar System

24/10/2023 03:04

* Landstar System Inc  LSTR.OQ   LSTR.O  is expected to show
a
fall in quarterly revenue when it reports  results 
    * The Jacksonville Florida-based  company is expected to
report  a
28.1% decrease in revenue to $1.306 billion from $1.82 billion a
year ago, according to the mean estimate from 10 analysts, based
on Refinitiv data. The company's guidance on July 26 2023, for
the period ended September 30, was for revenue between $1.28
billion and $1.33 billion.
    * ​Refinitiv's mean analyst estimate for Landstar System Inc
is
for earnings of $1.71 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "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 $182.5​, above​ its last closing price of $168.89. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  2.76        2.76       2.76      Met     -0.1
 ​​Jun.        3.26        3.23       3.05      Missed  -5.5
 30 2022                                                
 Mar. 31 2022  3.20        3.05       3.34      Beat    9.4​
 Dec. 31 2021  2.90        2.84       2.99      Beat    5.1
 Sep. 30 2021  2.55        2.49       2.58      Beat    3.6
 This summary was machine generated October 24 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated