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

Marten Transport

18/10/2023 21:25

* Marten Transport Ltd  MRTN.OQ  reported quarterly adjusted
earnings of 17 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 18 cents per share.
    * Revenue fell 13.8% to $279.54 million from a year ago;
analysts
expected $280.65 million. 
    * Marten Transport Ltd's reported EPS for the quarter was 17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 34.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Marten Transport Ltd shares had risen by 2.0% this
quarter and
gained 1.6% so far this year.
    * The company reported quarterly net income of $13.6
million.
    * Wall Street's median 12-month price target for Marten
Transport
Ltd is $24.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 18 at 08:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.18           0.17           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