Landstar System Q3 EPS $1.41 Misses $1.45 Estimate, Sales $1.21B Miss $1.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
Landstar System reported Q3 earnings per share of $1.41, missing the consensus estimate of $1.45. Sales were $1.21 billion, slightly below the $1.22 billion estimate. Both earnings and sales showed a decline compared to the same period last year.
October 29, 2024 | 8:44 pm
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Landstar System's Q3 earnings and sales both missed analyst estimates, with earnings per share at $1.41 versus the expected $1.45, and sales at $1.21 billion versus the expected $1.22 billion. Both figures also showed a year-over-year decline.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. Additionally, the year-over-year decline in both metrics suggests potential challenges for the company, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100