Marten Transport, Ltd. (MRTN) Q3 Earnings and Revenues Miss Estimates

Company Performance - Marten Transport reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of$ 0.07 per share, and down from $0.17 per share a year ago, representing an earnings surprise of -28.57% [1] - The company posted revenues of$ 237.37 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.72%, and down from $279.54 million year-over-year [1] - Over the last four quarters, Marten Transport has not surpassed consensus EPS or revenue estimates [1] Stock Performance - Marten Transport shares have declined approximately 18.4% since the beginning of the year, contrasting with the S&P 500's gain of 22.5% [2] - The current Zacks Rank for Marten Transport is 4 (Sell), indicating expected underperformance in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.09 on revenues of $247 million, and for the current fiscal year, it is$ 0.41 on revenues of $987 million [4] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [4] Industry Context - The Transportation - Truck industry is currently in the bottom 11% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [5] - Another trucking company, Saia, is expected to report quarterly earnings of$ 3.56 per share, reflecting a year-over-year change of -3%, with revenues projected at $839.81 million, up 8.3% from the previous year [5]