Heartland Express Q4 2023 Adj EPS $0.06 Beats $(0.08) Estimate, Sales $275.35M Miss $294.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heartland Express (NASDAQ:HTLD) reported Q4 2023 adjusted earnings per share (EPS) of $0.06, surpassing the consensus estimate of $(0.08). However, the company's sales of $275.35 million fell short of the expected $294.01 million, marking a 22.42% decrease from the same period last year.
January 31, 2024 | 2:02 pm
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Heartland Express exceeded EPS estimates but underperformed on sales, with a significant year-over-year decline.
While HTLD's EPS beat may be viewed positively, the miss on revenue and the substantial year-over-year decline could raise concerns about the company's growth trajectory and operational efficiency. The mixed results present a neutral outlook as the positive EPS surprise could be offset by the negative sales performance in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100