Marten Transport Q3 2024 Adj. EPS $0.05 Misses $0.08 Estimate, Sales $237.400M Miss $243.890M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marten Transport reported Q3 2024 earnings per share of $0.05, missing the analyst estimate of $0.08 by 37.5%. Sales were $237.4M, below the $243.89M estimate and down 15.07% from last year.
October 17, 2024 | 8:04 pm
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NEGATIVE IMPACT
Marten Transport's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.05 versus $0.08 expected and sales at $237.4M versus $243.89M expected. Sales also declined 15.07% year-over-year.
The significant miss on both EPS and sales estimates, along with a notable year-over-year sales decline, suggests potential negative sentiment and pressure on Marten Transport's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100