Landstar System Inc reports results for the quarter ended in September 30 - Earnings Summary

Landstar System

30/10/2024 02:58

* Landstar System Inc  LSTR.OQ  reported quarterly adjusted
earnings of $1.41​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $1.71.  The mean expectation of
fourteen analysts for the quarter was for earnings of $1.45 per
share. Wall Street expected results to range from $1.40 
to $1.49 per share.
    * Revenue fell 5.9% to $1.21 billion from a year ago;
analysts
expected $1.22 billion. 
    * Landstar System Inc's reported EPS for the quarter was
$1.41​.
    * The company reported quarterly net income of $50.03
million.
    * Landstar System Inc shares had fallen by 3.8% this
quarter and
lost 5.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, six 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," 14
"hold" and 1 "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 Landstar System
Inc is 175.21 
This summary was machine generated from LSEG data October 30 at
02:57 a.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      1.45           1.41           Missed
 Jun. 30 2024      1.45           1.48           Beat
 Mar. 31 2024      1.28           1.32           Beat
 Dec. 31 2023      1.62           1.62           Met