Landstar anticipates fraud-related earnings hit [Yahoo! Finance]
Landstar System, Inc. (LSTR)
Last landstar system, inc. earnings: 4/22 04:15 pm
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US:NASDAQ Investor Relations:
investor.landstar.com/investor-relations
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Source: Yahoo! Finance
Investors have responded to the revelation, disclosed in a late Wednesday 8-K filing , with Landstar's stock taking a hit over the past 24 hours. According to Landstar's recent update , the company initially anticipated Q1 2025 earnings per share to range between 90 cents and 95 cents, assuming revenue remained at the midpoint of its prior guidance. However, this outlook changed drastically after the company uncovered a supply chain fraud incident during the final fiscal week of the quarter. While the details remain under investigation, the fraud is believed to have resulted in “an impairment of trade accounts receivable recorded on Landstar's December 28, 2024, balance sheet.” Landstar also noted the event “does not involve the Company's core North American truckload services.” Landstar now expects this fraud to negatively impact EPS by an additional 35-50 cents. Before factoring in any potential insurance or other recoveries, this translates to a financial hit of approximately $
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LSTR
News
- Landstar System (NASDAQ:LSTR) had its price target raised by analysts at Stifel Nicolaus from $127.00 to $140.00. They now have a "hold" rating on the stock.MarketBeat
- Landstar System (NASDAQ:LSTR) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Landstar System (NASDAQ:LSTR) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Landstar System (NASDAQ:LSTR) was upgraded by analysts at Wells Fargo & Company to a "hold" rating.MarketBeat
- Landstar System (NASDAQ:LSTR) was given a new $135.00 price target on by analysts at Morgan Stanley.MarketBeat
LSTR
Earnings
- 10/28/25 - Miss
LSTR
Sec Filings
- 12/4/25 - Form 8-K
- 11/7/25 - Form SCHEDULE
- 11/3/25 - Form 4
- LSTR's page on the SEC website