Marten Transport Q4 EPS $0.15 Misses $0.18 Estimate, Sales $268.22M Miss $271.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marten Transport (NASDAQ: MRTN) reported Q4 earnings of $0.15 per share, missing the consensus estimate of $0.18, and a 51.61% decrease from the previous year. Sales were $268.22M, also below the estimate of $271.62M, marking a 16.85% year-over-year decline.
January 25, 2024 | 9:07 pm
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NEGATIVE IMPACT
Marten Transport's Q4 earnings and sales missed estimates, with significant declines from the previous year's figures.
Missing both earnings and sales estimates, especially with such a notable year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100