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

Marten Transport

18/07/2024 21:31

* Marten Transport Ltd  MRTN.OQ  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 27 cents.  The mean expectation of three analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from 11 cents to 12 cents per share.
    * Revenue fell 13.8% to $246.24 million from a year ago;
analysts
expected $249.11 million. 
    * Marten Transport Ltd's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $7.89
million.
    * Marten Transport Ltd shares had fallen by 0.5% this
quarter and
lost 12.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 37%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "buy"

Wall Street's median 12-month price target for Marten Transport
Ltd is $19.00 
This summary was machine generated from LSEG data July 18 at
08:31 p.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
 Jun. 30 2024      0.11           0.10           Missed
 Jan. 1 0001       0.13           0.12           Missed
 Dec. 31 2023      0.18           0.15           Missed
 Sep. 30 2023      0.18           0.17           Missed