Landstar System (LSTR) reported $1.29 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 29%. EPS of $1.71 for the same period compares to $2.76 a year ago.
The reported revenue represents a surprise of -0.56% over the Zacks Consensus Estimate of $1.3 billion. With the consensus EPS estimate being $1.70, the EPS surprise was +0.59%.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
Here is how Landstar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Number of loads – Truck Transportation: 526,370 versus the two-analyst average estimate of 530,342.
- Number of loads – Ocean and air cargo carriers: 8,630 versus 8,244 estimated by two analysts on average.
- Revenue per load – Truck Transportation: $2,230 versus the two-analyst average estimate of $2,242.21.
- Revenue per load – Rail Intermodal: $3,412 compared to the $3,328.35 average estimate based on two analysts.
- Investment income: $3.02 million compared to the $1.41 million average estimate based on four analysts. The reported number represents a change of +322.1% year over year.
- Revenue- Truck Transportation: $1.17 billion versus the four-analyst average estimate of $1.21 billion.
- Revenue- Other: $26.69 million versus $24.65 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
- Revenue- Rail Intermodal: $23.06 million versus the three-analyst average estimate of $25.22 million. The reported number represents a year-over-year change of -16.6%.
- Revenue- Ocean and air cargo carriers: $65.82 million versus $78.02 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -59.9% change.
- Revenue: $1.29 billion versus the three-analyst average estimate of $1.31 billion. The reported number represents a year-over-year change of -19.4%.
- Revenue- Truck Transportation- Other Truck transportation: $101.95 million versus $129.20 million estimated by two analysts on average.
- Revenue- Truck Transportation- Less-than-truckload: $28.10 million versus $27.86 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -20.5% change.
View all Key Company Metrics for Landstar here>>>
Shares of Landstar have returned -6.8% over the past month versus the Zacks S&P 500 composite’s -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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