Landstar System Reports Third Quarter Revenue of $1.214B and Earnings Per Share of $1.41
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: GlobeNewswire
JACKSONVILLE, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.41 in the 2024 third quarter on revenue of $1.214 billion. “Consistent with the first half of 2024, the freight environment during the third quarter remained challenging. The Landstar team of independent business owners and employees continued to perform admirably given this backdrop,” said Landstar President and Chief Executive Officer Frank Lonegro. “I was encouraged that Landstar achieved a 3.2% sequential increase in truck revenue per load compared to the 2024 second quarter, outperforming typical seasonality. This result was driven by a strong month-over-month truck revenue per load increase in July, but tapered off as we moved through August and September, in part due to tougher prior month comparisons. Regardless of the freight environment, the thousands of Landstar BCOs, agents and employees
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LSTR
News
- Landstar System, Inc. (NASDAQ: LSTR) had its price target lowered by analysts at Stephens from $190.00 to $180.00. They now have an "equal weight" rating on the stock.MarketBeat
- Landstar System, Inc. (NASDAQ: LSTR) had its price target raised by analysts at JPMorgan Chase & Co. from $184.00 to $188.00. They now have a "neutral" rating on the stock.MarketBeat
- Landstar System, Inc. (NASDAQ: LSTR) had its price target lowered by analysts at Evercore ISI from $165.00 to $160.00. They now have an "in-line" rating on the stock.MarketBeat
- Landstar System, Inc. (NASDAQ: LSTR) had its price target raised by analysts at UBS Group AG from $184.00 to $186.00. They now have a "neutral" rating on the stock.MarketBeat
- Landstar System, Inc. (NASDAQ: LSTR) had its price target lowered by analysts at TD Cowen from $176.00 to $174.00. They now have a "hold" rating on the stock.MarketBeat
LSTR
Earnings
- 10/29/24 - Miss
LSTR
Sec Filings
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 8-K
- LSTR's page on the SEC website