Landstar System Q4 2023 GAAP EPS $1.62 Beats $1.61 Estimate, Sales $1.20B Miss $1.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
Landstar System reported Q4 2023 earnings of $1.62 per share, slightly above the consensus estimate of $1.61. However, their quarterly sales of $1.20B fell short of the expected $1.24B, marking a 28.12% decrease from the same period last year.
January 31, 2024 | 9:20 pm
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NEGATIVE IMPACT
Landstar System's EPS beat estimates but sales missed expectations and showed a significant year-over-year decline.
While the EPS beat might provide a short-term positive sentiment, the miss on sales and the substantial year-over-year decline are likely to be viewed negatively by investors, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100