Heartland Express Q1 2024 GAAP EPS $(0.19) Misses $(0.09) Estimate, Sales $270.320M Beat $265.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heartland Express (NASDAQ:HTLD) reported Q1 2024 earnings with a GAAP EPS of $(0.19), missing the $(0.09) estimate, while sales of $270.320M exceeded the $265.000M estimate. This represents an 18.31% decrease in sales compared to the same period last year.
April 23, 2024 | 1:19 pm
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Heartland Express reported a significant miss on its Q1 2024 GAAP EPS estimates but exceeded sales expectations. Year-over-year sales saw a notable decrease.
The miss on the EPS estimate by over 111% is likely to negatively impact investor sentiment in the short term, despite the slight beat on sales estimates. The significant year-over-year decrease in sales further compounds concerns about the company's growth trajectory and profitability, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100