Landstar System Q2 EPS $1.85 Beats $1.83 Estimate, Sales $1.37B Beat $1.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Landstar System (NASDAQ:LSTR) reported Q2 earnings of $1.85 per share, beating the analyst consensus estimate of $1.83 by 1.09%. However, this is a 39.34% decrease from the same period last year. The company also reported quarterly sales of $1.37 billion, beating the estimate of $1.36 billion by 1.03%, but this is a 30.43% decrease from last year.
July 26, 2023 | 8:21 pm
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NEUTRAL IMPACT
Landstar System's Q2 earnings and sales beat estimates but are significantly lower than the same period last year.
While Landstar System beat the estimates for Q2 earnings and sales, the significant decrease from the same period last year could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100