Freight delivery company Landstar (NASDAQ:LSTR) will be reporting earnings tomorrow after the bell. Here’s what you need to know.
Landstar met analysts’ revenue expectations last quarter, reporting revenues of $1.22 billion, down 5.8% year on year. It was a softer quarter for the company, with a miss of analysts’ adjusted operating income estimates.
Is Landstar a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Landstar’s revenue to be flat year on year at $1.2 billion, improving from the 27.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.34 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Landstar has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Landstar’s peers in the transportation and logistics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Knight-Swift Transportation’s revenues decreased 3.5% year on year, missing analysts’ expectations by 1%, and Covenant Logistics reported revenues up 1.2%, falling short of estimates by 2%. Knight-Swift Transportation traded up 4.7% following the results while Covenant Logistics was down 2.1%.
Read our full analysis of Knight-Swift Transportation’s results here and Covenant Logistics’s results here.
There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 4.2% on average over the last month. Landstar is up 2.8% during the same time and is heading into earnings with an average analyst price target of $169.18 (compared to the current share price of $177.34).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.