Landstar System: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Landstar System (NASDAQ:LSTR) reported Q4 earnings with an EPS of $1.62, exactly in line with estimates. However, revenue saw a decrease from the same period last year, totaling $471 million. The company's past earnings performance shows a pattern of mixed results, with the previous quarter's EPS miss leading to a 1.91% share price drop the following day. Investors may want to consider the company's earnings history and the recent revenue decline when making investment decisions.
January 31, 2024 | 9:20 pm
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Landstar System reported Q4 earnings with an EPS of $1.62, meeting estimates, but with a revenue decrease from the previous year. Historical data shows a stock price drop following an EPS miss last quarter.
The EPS meeting expectations suggests a neutral impact on the stock price in the short term. However, the decrease in revenue could be a concern for investors, potentially offsetting the neutral EPS result. Historical performance indicates that the stock is sensitive to earnings reports, as seen by the drop after the last quarter's EPS miss. The score is neutral due to the balance between the in-line EPS and the negative revenue trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100