Company Overview - Landstar System (LSTR) reported quarterly earnings of $1.48 per share, exceeding the Zacks Consensus Estimate of $1.46 per share, but down from $1.85 per share a year ago [2] - The company posted revenues of $1.23 billion for the quarter, missing the Zacks Consensus Estimate by 2.45%, and down from $1.37 billion year-over-year [3] - Over the last four quarters, Landstar has surpassed consensus EPS estimates three times [5] Market Performance - Landstar shares have declined approximately 1.3% since the beginning of the year, while the S&P 500 has gained 14.5% [6] - The current estimate revisions trend for Landstar is unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Industry Context - The Transportation - Truck industry, to which Landstar belongs, is currently ranked in the bottom 13% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $1.69 on revenues of $1.33 billion, and for the current fiscal year, it is $6.25 on revenues of $5.14 billion [13] - Management's commentary during the earnings call will be crucial for understanding the sustainability of the stock's immediate price movement based on recent results and future expectations [11]
Landstar System (LSTR) Tops Q2 Earnings Estimates