Yahoo Finance Landstar System First Quarter 2024 Earnings: Beats Expectations
Landstar System (NASDAQ:LSTR) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.17b (down 18% from 1Q 2023).
Net income: US$47.1m (down 40% from 1Q 2023).
Profit margin: 4.0% (down from 5.4% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$1.32 (down from US$2.17 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Landstar System Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%.
Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Transportation industry in the US.
Performance of the American Transportation industry.
The company's shares are up 6.2% from a week ago.
Risk Analysis
Be aware that Landstar System is showing 2 warning signs in our investment analysis that you should know about...
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