Landstar System(US:LSTR) ZACKSยท2024-07-31 00:06Core Insights - Landstar System (LSTR) reported a revenue of $1.23 billion for the quarter ended June 2024, reflecting a decrease of 10.8% compared to the same period last year [7] - The earnings per share (EPS) for the quarter was $1.48, down from $1.85 in the year-ago quarter [7] - Key metrics such as revenue per load and total revenue indicate a decline in performance, impacting investor projections [8] Revenue Metrics - Revenue per load for ocean and air cargo carriers was reported at $3,085, lower than the estimated $3,226.95 [2] - Rail intermodal revenue was $77.71 million, significantly below the estimated $97.15 million, marking a year-over-year decline of 34.2% [3] - Truck transportation revenue was $1.11 billion, compared to the estimated $1.16 billion, representing an 11.3% decrease year-over-year [10] Performance Comparison - The revenue from other truck transportation segments was $71.31 million, exceeding the estimated $58.95 million, but still showing a decline of 5.5% from the previous year [5] - Revenue from other categories was $25.70 million, below the estimated $27.64 million, with a year-over-year change of -2% [11] - The reported revenue of $1.23 billion was a surprise of -2.45% compared to the Zacks Consensus Estimate of $1.26 billion [13] Analyst Estimates - The number of loads for rail intermodal was 523,700, compared to the average estimate of 538,671 [14] - The total number of loads for truck transportation was 507,950, below the average estimate of 522,810 [15] - Investment income was reported at $3.65 million, significantly higher than the average estimate of $2.24 million, showing a year-over-year increase of 47.1% [17] Stock Performance - Landstar shares have returned +4.2% over the past month, outperforming the Zacks S&P 500 composite, which saw a change of +0.1% [6] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [6]