Landstar (LSTR) reported earnings 30 days ago. What's next for the stock?
LSTR is affected by reduced demand for freight services and increased truck capacity.
LSTR's third-quarter 2024 earnings and revenues decrease year over year.
Landstar System, Inc. (NASDAQ:LSTR ) Q3 2024 Earnings Conference Call October 29, 2024 4:30 PM ET Company Participants Frank Lonegro - President, Chief Executive Officer Jim Todd - Vice President, Chief Financial Officer Joe Beacom - Vice President, Chief Safety and Operations Officer Jim Applegate - Vice President, Chief Corporate Sales, Strategy and Specialized Freight Officer Matt Dannegger - Vice President and Chief Field Sales Officer Conference Call Participants Brian Ossenbeck - JP Morgan Tom Ridgway - UBS Jordan Alliger - Goldman Sachs Jon Chappell - Evercore ISI Scott Group - Wolfe Research Daniel Imbro - Stephens Elliot Alper - TD Cowen Stephanie Moore - Jefferies David Hicks - Raymond James Financial Operator Good afternoon, and welcome to Landstar Systems Incorporated Third Quarter Earnings Release Conference Call. All lines will be in a listen-only mode until the formal question-and-answer session.
Landstar System (LSTR) came out with quarterly earnings of $1.41 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.71 per share a year ago.
Landstar (LSTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LSTR is bolstered by its shareholder-friendly efforts and strong liquidity. However, the freight market downturn is a headwind.
Landstar (LSTR) reported earnings 30 days ago. What's next for the stock?
Landstar (LSTR) expects third-quarter 2024 truckloads to decline between 6% and 10% on a year-over-year basis.
Landstar's (LSTR) second-quarter 2024 earnings and revenues decrease year over year.
Landstar System, Inc. (LSTR) Q2 2024 Earnings Call Transcript
The headline numbers for Landstar (LSTR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.