Landstar (LSTR) reports Q3: everything you need to know ahead of earnings
Freight delivery company Landstar (NASDAQ:LSTR) will be reporting earnings this Tuesday afternoon. Here’s what investors should know.
Landstar beat analysts’ revenue expectations last quarter, reporting revenues of $1.43 billion, up 18.1% year on year. It was a strong quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Landstar a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Landstar’s revenue to grow 24.4% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Landstar has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Landstar’s peers in the transportation and logistics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ryder delivered year-on-year revenue growth of 8.3%, beating analysts’ expectations by 1.2%, and Knight-Swift Transportation reported revenues up 14.2%, topping estimates by 1.4%. Ryder traded up 12.7% following the results while Knight-Swift Transportation was down 1%.
Read our full analysis of Ryder’s results here and Knight-Swift Transportation’s results here.
In the last year or so, investors have shifted their focus from one macro dynamic to the next (AI disintermediation and AI investment to geopolitical conflict, interest rates, and the health of the wider economy). While some of the transportation and logistics stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.9% on average over the last month. Landstar’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $187.69 (compared to the current share price of $165.83).
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