Landstar System Q1 EPS $1.040 Misses $1.100 Estimate, Sales $927.600M Miss $928.570M Estimate
Portfolio Pulse from Benzinga Newsdesk
Landstar System reported Q1 earnings per share of $1.040, missing the estimate of $1.100. The company's sales were $927.600 million, slightly below the expected $928.570 million.
April 22, 2020 | 8:19 pm
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NEGATIVE IMPACT
Landstar System's Q1 earnings and sales both missed analyst estimates, which could negatively impact the stock price in the short term.
The company's earnings per share and sales figures both fell short of analyst expectations. Such misses often lead to negative investor sentiment and potential short-term declines in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100