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Landstar (LSTR) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-25 00:36
For the quarter ended March 2024, Landstar System (LSTR) reported revenue of $1.17 billion, down 18.4% over the same period last year. EPS came in at $1.32, compared to $2.17 in the year-ago quarter.The reported revenue represents a surprise of +4.61% over the Zacks Consensus Estimate of $1.12 billion. With the consensus EPS estimate being $1.28, the EPS surprise was +3.13%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...
Landstar System (LSTR) Q1 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-04-24 22:25
Landstar System (LSTR) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $2.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.13%. A quarter ago, it was expected that this freight shipper and warehouser would post earnings of $1.63 per share when it actually produced earnings of $1.62, delivering a surprise of -0.61%.Over the last four ...
Landstar System Reports First Quarter Revenue of $1.171B and Earnings Per Share of $1.32
Newsfilter· 2024-04-24 20:15
JACKSONVILLE, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.32 in the 2024 first quarter on revenue of $1.171 billion. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.33 per share payable on May 24, 2024, to stockholders of record as of the close of business on May 8, 2024. "It's been a privilege to join Landstar and work alongside our c ...
What's in Store for Landstar System (LSTR) in Q1 Earnings?
Zacks Investment Research· 2024-04-23 13:26
Landstar System Inc (LSTR) is scheduled to report first-quarter 2024 results on Apr 24 after market close.The company has an encouraging earnings history, having surpassed the Zacks Consensus Estimate thrice in the preceding four quarters and missing once. The average beat is 1.90%. The Zacks Consensus Estimate for LSTR’s first-quarter 2024 earnings has been revised downward to 5.88% in the past 60 days.Given this backdrop, let’s see how things have shaped up for LSTR this earnings season.The Zacks Consensu ...
Analysts Estimate Landstar System (LSTR) to Report a Decline in Earnings: What to Look Out for
Zacks Investment Research· 2024-04-17 15:07
Landstar System (LSTR) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 24, 2024, might help the stock move higher if these key numbers are better than e ...
Landstar System(LSTR) - 2023 Q4 - Annual Report
2024-02-24 02:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-21238 Landstar System, Inc. (Exact name of registrant as specified in its charter) Delaware 06-1313069 (State or other jurisdiction of ...
Landstar System(LSTR) - 2023 Q3 - Quarterly Report
2023-11-03 18:09
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-21238 LANDSTAR SYSTEM, INC. (Exact name of registrant as specified in its charter) Delaware 06-1313069 (Sta ...
Landstar System(LSTR) - 2023 Q3 - Earnings Call Transcript
2023-10-26 15:28
Landstar System, Inc. (NASDAQ:LSTR) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Jim Gattoni - President and CEO Jim Todd - CFO Joe Beacom - VP, Chief Safety & Operations Officer Conference Call Participants Scott Group - Wolfe Research Jason Seidl - TD Cowen Jack Atkins - Stephens Inc. Stephanie Moore - Jefferies Andrew Cox - Stifel Operator Good morning, and welcome to Landstar System Incorporated's Third Quarter Earnings Release Conference Call. All lines will be in a ...
Landstar System(LSTR) - 2023 Q3 - Earnings Call Presentation
2023-10-26 13:31
DESIGNED TO RESPOND BUILT TO DELIVER 2 Non-GAAP Financial Measures: Management believes variable contribution and variable contribution margin are useful measures of the variable costs that we incur at a shipment-by-shipment level attributable to our transportation network of third-party capacity providers and independent agents in order to provide services to our customers. Management believes that operating income as a percentage of variable contribution is a useful measure as: (i) variable costs of reven ...
Landstar System(LSTR) - 2023 Q2 - Earnings Call Presentation
2023-07-27 17:49
1.15 million loadings (1) Percentage change in rate is calculated on a revenue per load basis. (2) Percentage change in volume is calculated on the number of loads hauled. $1,600 $1,800 $2,000 $2,200 $2,400 $2,600 $2,800 $3,000 2Q193Q194Q191Q202Q203Q204Q201Q212Q213Q214Q211Q222Q223Q224Q221Q232Q23 LANDSTAR SYSTEM/2 "Landstar's business model performed well in the 2023 second quarter considering the challenging freight environment," said Landstar President and Chief Executive Officer Jim Gattoni. "After a reco ...