LSTR Stock Recent News

JACKSONVILLE, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.48 in the 2024 second quarter on revenue of $1.225 billion. “The Landstar network of independent business owners performed admirably in a challenging freight transportation environment,” said Landstar President and Chief Executive Officer Frank Lonegro. “During the second quarter, we were encouraged to see our first sequential quarter-to-quarter revenue increase since the 2022 second quarter. Revenue in the 2024 second quarter grew 5% sequentially following seven quarters of sequential revenue declines. As we look to build on that momentum, we continue to invest in leading-edge technology and new trailing equipment. We are particularly proud of the efforts of the thousands of BCOs, agents and employees in our network, who work each day to improve our safety performance and deliver gre

Landstar (LSTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

JACKSONVILLE, Fla., July 16, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2024 second quarter results after the market closes on Tuesday, July 30, 2024, and will then hold its quarterly conference call with analysts and investors at 5:00 p.m. ET that evening to discuss the second quarter results and current outlook. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's Second Quarter 2024 Earnings Release Conference Call."

Landstar (LSTR) expects second-quarter 2024 truck loads to decline between 5% and 9% on a year-over-year basis and truck revenue per load to decrease in the range of 0-4% on a year-over-year basis.

Landstar (LSTR) reported earnings 30 days ago. What's next for the stock?

Weakness in overall volumes due to headwinds like weak freight demand, supply-chain woes and slower network velocity is hurting Landstar's (LSTR) top line.

Landstar's (LSTR) first-quarter 2024 earnings and revenues decrease year over year.

Although the revenue and EPS for Landstar (LSTR) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Landstar System (LSTR) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $2.17 per share a year ago.

Landstar System's (LSTR) Q1 bottom line is likely to have been hurt by the underperformance of its flagship segment, namely truck transportation.