Freight delivery company Landstar (NASDAQ:LSTR) will be reporting results this Wednesday afternoon. Here’s what to look for.
Landstar met analysts’ revenue expectations last quarter, reporting revenues of $1.21 billion, flat year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ adjusted operating income estimates but a miss of analysts’ Platform Equipment revenue estimates.
Is Landstar a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Landstar’s revenue to decline 1.6% year on year to $1.19 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.02 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Landstar has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Landstar’s peers in the transportation and logistics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Knight-Swift Transportation posted flat year-on-year revenue, missing analysts’ expectations by 2.4%, and FedEx reported revenues up 6.8%, topping estimates by 3%. Knight-Swift Transportation traded up 2.6% following the results while FedEx’s stock price was unchanged.
Read our full analysis of Knight-Swift Transportation’s results here and FedEx’s results here.
There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 8.7% on average over the last month. Landstar is up 4.8% during the same time and is heading into earnings with an average analyst price target of $150.27 (compared to the current share price of $153.22).
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