Marten Transport, Ltd. (MRTN) Matches Q1 Earnings Estimates

Core Insights - Marten Transport, Ltd. (MRTN) reported quarterly earnings of $0.05 per share, matching the Zacks Consensus Estimate, but down from $0.12 per share a year ago [1] - The company posted revenues of $223.15 million for the quarter, missing the Zacks Consensus Estimate by 2.55% and down from $249.67 million year-over-year [2] - Marten Transport shares have declined approximately 14.9% year-to-date, compared to a decline of 8.3% for the S&P 500 [3] Earnings Performance - The company had a surprise of 16.67% in the previous quarter, reporting earnings of $0.07 per share against an expected $0.06 [1] - Over the last four quarters, Marten Transport has only surpassed consensus EPS estimates once [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $236 million, and for the current fiscal year, it is $0.39 on revenues of $949 million [7] - The estimate revisions trend for Marten Transport is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Transportation - Truck industry, to which Marten Transport belongs, is currently ranked in the bottom 4% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Marten Transport's stock performance [5]