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

Marten Transport

18/04/2024 21:18

* Marten Transport Ltd  MRTN.OQ  reported quarterly adjusted
earnings of 12 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 28 cents.  The mean expectation of two analysts for the
quarter was for earnings of 13 cents per share. Wall Street
expected results to range from 12 cents to 13 cents per share.
    * Revenue fell 16.2% to $249.67 million from a year ago;
analysts
expected $262.77 million. 
    * Marten Transport Ltd's reported EPS for the quarter was 12
cents​.
    * The company reported quarterly net income of $9.65
million.
    * Marten Transport Ltd shares had fallen by 12.5% this
quarter and
lost 22.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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

Wall Street's median 12-month price target for Marten Transport
Ltd is $23.00 
This summary was machine generated from LSEG data April 18 at
08:17 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
 Mar. 31 2024      0.13           0.12           Missed
 Dec. 31 2023      0.18           0.15           Missed
 Sep. 30 2023      0.18           0.17           Missed
 Jun. 30 2023      0.28           0.27           Missed