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Landstar (LSTR) continues to grapple with high operating expenses and driver shortage-led headwinds.
Landstar's (LSTR) second-quarter 2023 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 June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Landstar (LSTR) second-quarter 2023 results are expected to have been weighed down by weakness in freight demand and higher expenses.
JACKSONVILLE, Fla., July 12, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced today it will release its 2023 second quarter results after the market closes on Wednesday, July 26, 2023. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, July 27, 2023 at 8:00 a.m. ET to discuss the second quarter results and current outlook. To access the webcast, visit www.investor.landstar.com; click on "Webcasts"; and then "Landstar's Second Quarter 2023 Earnings Release Conference Call."
Landstar's (LSTR) management lowers the guidance for second-quarter 2023 revenues and earnings per share.
Landstar System, a large American transportation company, offers an attractive long-term risk/reward opportunity for dividend growth portfolios, with a track record of consistent dividend growth. Despite facing headwinds due to slower economic growth, LSTR remains a solid performer, outperforming the market by over 600 basis points per year with relatively low volatility.
Landstar's (LSTR) management expects second-quarter 2023 earnings per share in the range of $1.75-$1.85.
Truck broker Landstar System lowered its second-quarter guidance in a filing with the Securities and Exchange Commission Tuesday after the market closed. The Jacksonville, Florida-based company said both revenue and earnings will come in below the ranges it provided when it reported first-quarter results at the end of April.
Landstar System's (LSTR) first-quarter 2023 earnings and revenues decrease year over year.