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Landstar System (LSTR)
NASDAQ:LSTR
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Earnings Data
Report Date
Jan 29, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.35Last Year’s EPS
$1.62Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -4.20%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While there were notable achievements like an increase in revenue per load, improved safety metrics, and strong cash flow, these were countered by significant challenges such as a decline in truck load volumes, a decrease in BCO truck count, and a soft demand environment. The balance of highlights and lowlights suggests a cautious outlook.Company Guidance
During Landstar's third-quarter 2024 earnings call, the company provided guidance that reflected a challenging freight environment characterized by soft demand and ample truck capacity. The number of loads hauled via truck was 7.7% below the previous year's third quarter, aligning with the guidance range of 6% to 10% below. Revenue per truckload increased by 0.7% year-over-year, within the lower half of the guidance range, which anticipated flat to 4% growth. For the fourth quarter, Landstar projected truckload volumes to range from 4% below to 1% above the prior year, with truck revenue per load expected to be flat to 4% higher. Revenue was estimated between $1.15 billion and $1.25 billion, with earnings per share predicted to range from $1.25 to $1.45. The guidance took into account a variable contribution margin range of 13.9% to 14.2% and insurance costs expected to be around 6% of BCO revenue.Revenue Per Load Increase
Overall truck revenue per load increased 0.7% in the 2024 third quarter compared to the 2023 third quarter, with unsided platform equipment seeing a 4% increase.
Strong Balance Sheet and Capital Allocation
Landstar deployed over $22 million of capital toward stock buybacks, repurchasing approximately 121,000 shares, and ended the quarter with cash and short-term investments of $531 million.
Improved Safety Metrics
Landstar reported an accident frequency index of 0.56 DOT reportable accidents per million miles, an improvement of approximately 10% compared to the corresponding period of 2023.
Non-Truck Transportation Revenue Increase
In the 2024 third quarter, non-truck transportation service revenue was 9% above the 2023 third quarter, with ocean revenue per shipment increasing by 28%.
Robust Cash Flow
Cash flow from operations for the first 39 weeks of 2024 was $225 million, demonstrating the cash-generating capabilities of the Landstar model.
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LSTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LSTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $180.22 | $176.72 | -1.94% |
| Jul 30, 2024 | $193.12 | $189.51 | -1.87% |
| Apr 24, 2024 | $170.12 | $176.42 | +3.70% |
| Jan 31, 2024 | $190.30 | $189.59 | -0.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Landstar System (LSTR) report earnings?
Landstar System (LSTR) is schdueled to report earning on Jan 29, 2025, After Close Not Confirmed.
What is Landstar System (LSTR) earnings time?
Landstar System (LSTR) earnings time is at Jan 29, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LSTR EPS forecast?
LSTR EPS forecast for the fiscal quarter 2024 (Q4) is $1.35.
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