Heartland Express (HTLD) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -500%. A quarter ago, it was expected that this trucking and logistics company would post a loss of $0.04 per share when it actually produced a loss of $0.04, delivering no surprise.Over the last four quarters, the compa ...

NORTH LIBERTY, Iowa, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the three and nine months ended September 30, 2024. Three months ended September 30, 2024: Operating Revenue of $259.9 million, Net Loss of $9.3 million, Basic Loss per Share of $0.12, Operating Ratio of 102.7% and 102.6% Non-GAAP Adjusted Operating Ratio(1), Total Assets of $1.4 billion, Stockholders' Equity of $825.7 million. Nine months ended September 30, 2024: Operating Re ...

Financial Performance - Operating revenue for Q2 2024 was $274.8 million, a decrease of 10.2% from $306.2 million in Q2 2023[2] - For the six months ended June 30, 2024, operating revenue was $545.1 million, down 14.4% from $637.1 million in the same period of 2023[3] - The net loss for Q2 2024 was $3.5 million, compared to a net income of $7.8 million in Q2 2023[1] - The basic loss per share for the six months ended June 30, 2024, was $0.24, compared to earnings per share of $0.26 in the same period of 2023[3] - Operating income fell to $0.3 million compared to $16.2 million in the same period of 2023[11] - Net loss was $3.5 million, a decline from a net income of $7.8 million in Q2 2023[11] - Basic loss per share was $0.04, down from earnings per share of $0.10 in the same quarter of 2023[11] Operational Efficiency - The operating ratio for Q2 2024 improved to 99.9%, compared to 105.3% in Q1 2024[1] - The non-GAAP adjusted operating ratio for the six months ended June 30, 2024, was 102.5%, compared to 92.4% in the same period of 2023[3] - The operating ratio was 99.9%, compared to 94.7% in Q2 2023, indicating a significant increase in operational inefficiency[11] Debt and Assets - Year-to-date debt repayments totaled $63.4 million in 2024, with a total of $258.9 million repaid since the acquisitions in 2022[1] - The company ended Q2 2024 with total assets of $1.4 billion and stockholders' equity of $836.8 million[3] - Total long-term liabilities decreased to $442.8 million from $520.9 million year-over-year[20] Market Outlook - The company expects freight market improvements to extend into 2025 due to excess capacity in the industry[10] Stockholder Returns - The company repurchased $7.3 million of its common stock during Q2 2024[10] - Cumulative cash dividends paid to stockholders reached $552.1 million since 2003[13] Capital Expenditures and Cash Flow - Expected net capital expenditures for 2024 are approximately $15 to $20 million[13] - Net cash flows from operations for the first six months of 2024 were $71.0 million, representing 13.0% of operating revenue[19] Fleet Management - Average age of the consolidated tractor fleet increased to 2.6 years from 2.1 years year-over-year[13] Revenue Components - Fuel surcharge revenues decreased to $36.8 million from $41.5 million year-over-year[11]

View all Key Company Metrics for Heartland Express here>>> The reported revenue compares to the Zacks Consensus Estimate of $276.49 million, representing a surprise of -0.63%. The company has not delivered EPS surprise, with the consensus EPS estimate being -$0.04. Here is how Heartland Express performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Heartland Express (HTLD) reported $274.75 million in revenue for the quarter ended June 2024 ...

Core Insights - Heartland Express reported a quarterly loss of $0.04 per share, aligning with the Zacks Consensus Estimate, compared to earnings of $0.10 per share a year ago [3] - The company generated revenues of $274.75 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.63% and down from $306.17 million year-over-year [4] - Heartland Express has surpassed consensus EPS estimates only once in the last four quarters [2] Financial Performance - The company experienced a loss of $0.19 per share against an expected loss of $0.11 per share, resulting in a surprise of -72.73% [1] - Year-to-date, Heartland Express shares have declined by approximately 12.6%, while the S&P 500 has gained 16.7% [5] - The current consensus EPS estimate for the upcoming quarter is breakeven on revenues of $280.53 million, and for the current fiscal year, it is -$0.17 on revenues of $1.12 billion [10] Industry Context - The Transportation - Truck industry, to which Heartland Express belongs, is currently ranked in the bottom 6% of over 250 Zacks industries [9] - The performance of Heartland Express is likely influenced by the overall outlook of the industry, which can significantly impact stock performance [9] - Another company in the same industry, Werner Enterprises, is expected to report a quarterly earnings decline of 55.8% year-over-year, with revenues projected at $774.54 million, down 4.5% from the previous year [11][12] Future Outlook - The sustainability of Heartland Express's stock price movement will depend on management's commentary during the earnings call and the trends in earnings estimate revisions [5][6] - The current estimate revisions trend for Heartland Express is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [8]

Operating Revenue of $274.8 million, Operating Income of $0.3 million, Net Loss of $3.5 million, Basic Loss per Share of $0.04, Operating Ratio of 99.9% and 99.4% Non-GAAP Adjusted Operating Ratio(1), Total Assets of $1.4 billion, Stockholders' Equity of $836.8 million. NORTH LIBERTY, Iowa, July 23, 2024 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (NASDAQ:HTLD) announced today financial results for the three and six months ended June 30, 2024. Three months ended June 30, 2024: Six months ended June 30, 2024 ...

The market expects Heartland Express (HTLD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if th ...

The press release may contain forward-looking statements, which are based on information currently available. These statements and assumptions involve certain risks and uncertainties. Actual events may differ from these expectations as specified from time to time in filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement to the extent it becomes aware that it will not be achieved for any reason. NORTH LIBERTY, Iowa, June 14, 2024 (GLOBE ...

NORTH LIBERTY, Iowa, May 20, 2024 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (Nasdaq: HTLD) announced that Chris Strain, Chief Financial Officer, and Josh Helmich, Senior Vice President and Chief Financial Officer of CFI (a wholly owned subsidiary) will participate in the Wolfe Research 17th Annual Global Transportation and Industrials Conference. Conference participation will occur on Wednesday, May 22, 2024, in New York, New York, including investor meetings. Heartland Express, Inc. Mike Gerdin, Chief Ex ...

NORTH LIBERTY, Iowa, May 20, 2024 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (Nasdaq: HTLD) announced that Chris Strain, Chief Financial Officer, and Josh Helmich, Senior Vice President and Chief Financial Officer of CFI (a wholly owned subsidiary) will participate in the Wolfe Research 17th Annual Global Transportation and Industrials Conference. Conference participation will occur on Wednesday, May 22, 2024, in New York, New York, including investor meetings. Heartland Express is an irregular route truck ...