Landstar (LSTR) Reports Earnings Tomorrow: What To Expect

Freight delivery company Landstar (NASDAQ:LSTR) will be reporting results tomorrow afternoon. Here’s what to expect.

Landstar missed analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $1.23 billion, down 10.7% year on year. It was a mixed quarter for the company, with a miss of analysts’ revenue estimates. On the other hand, earnings came in ahead of consensus estimates. 

Is Landstar a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Landstar’s revenue to decline 5.5% year on year to $1.22 billion, improving from the 28.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.45 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 3 downward revisions over the last 30 days (we track 9 analysts). Landstar has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Landstar’s peers in the ground transportation segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Covenant Logistics posted flat year-on-year revenue, missing analysts’ expectations by 2.8%, and Saia reported revenues up 8.6%, in line with consensus estimates. Covenant Logistics’s stock price was unchanged following the results.

Read our full analysis of Covenant Logistics’s results here and Saia’s results here.

Investors in the ground transportation segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Landstar is down 6.8% during the same time and is heading into earnings with an average analyst price target of $174.09 (compared to the current share price of $176.02).

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