Heartland Express Q3 2024 GAAP EPS $(0.12) Misses $0.01 Estimate, Sales $259.861M Miss $268.440M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heartland Express reported a Q3 2024 GAAP EPS of $(0.12), missing the $0.01 estimate by a significant margin. Sales were $259.861M, also missing the $268.440M estimate and showing a 11.92% decrease from the previous year.
October 29, 2024 | 1:03 pm
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Heartland Express reported a significant earnings miss for Q3 2024, with EPS at $(0.12) against an expected $0.01, and sales of $259.861M missing the $268.440M estimate. This reflects a 11.92% decrease in sales from the previous year.
The significant miss on both EPS and sales estimates, along with a year-over-year sales decline, is likely to negatively impact Heartland Express's stock price in the short term. Investors may react to the unexpected earnings miss and the downward trend in sales.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100