LSTR Stock Recent News

Landstar System recently reported better-than-expected EPS, a new special dividend, and increased stock repurchases. The company's focus on digital tools for agents and lower SG&A costs may attract stock demand. Risks include reliance on independent agents and lower demand for transportation services, but the stock may be undervalued.

The increase in share repurchase program and the announcement of a special one-time cash dividend by Landstar (LSTR) highlights its financial bliss.

Landstar's (LSTR) president and chief executive officer, Jim Gattoni, is retiring from both positions after serving for almost 30 years.

Landstar System (LSTR) is a Zacks Rank #5 (Strong Sell) and has seen earnings estimates slide lower recently despite a good history of beating Zacks Consensus Estimate. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.

High operating expenses and weak freight market conditions represent major headwinds at Landstar (LSTR).

Landstar's (LSTR) third-quarter 2023 earnings and revenues decrease year over year.

Landstar System, Inc. (NASDAQ:LSTR ) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Jim Gattoni - President and CEO Jim Todd - CFO Joe Beacom - VP, Chief Safety & Operations Officer Conference Call Participants Scott Group - Wolfe Research Jason Seidl - TD Cowen Jack Atkins - Stephens Inc. Stephanie Moore - Jefferies Andrew Cox - Stifel Operator Good morning, and welcome to Landstar System Incorporated's Third Quarter Earnings Release Conference Call. All lines will be in a listen-only mode until the formal question-and-answer session.

The headline numbers for Landstar (LSTR) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Landstar System (LSTR) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $2.76 per share a year ago.

JACKSONVILLE, Fla., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) announced today it will release its 2023 third quarter results after the market closes on Wednesday, October 25, 2023. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, October 26, 2023 at 8:00 a.m. ET to discuss the third quarter results and current outlook. To access the webcast, visit www.investor.landstar.com; click on "Webcasts"; and then "Landstar's Third Quarter 2023 Earnings Release Conference Call."