Marten Transport Ltd reports results for the quarter ended in June - Earnings Summary

Marten Transport

19/07/2023 21:20

* Marten Transport Ltd  MRTN.OQ  reported quarterly adjusted
earnings of 27 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 28 cents per share.
    * Revenue fell 13.3% to $285.67 million from a year ago;
analysts
expected $303.53 million. 
    * Marten Transport Ltd's reported EPS for the quarter was 27
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Marten Transport Ltd shares had fallen by 1.4% this
quarter and
gained 7.2% so far this year.
    * The company reported quarterly net income of $21.87
million.
    * Wall Street's median 12-month price target for Marten
Transport
Ltd is $25.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
19 at 08:20 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.28           0.27           Missed
 Mar. 31 2023      0.27           0.28           Beat
 Dec. 31 2022      0.31           0.31           Met
 Sep. 30 2022      0.34           0.32           Missed