Landstar System, Inc. (LSTR) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Let’s delve deeper. Southward Earnings Estimate Revision: The Zacks Consensus Estimate for second-quarter 2024 earnings has been revised 11.9% downward over the past 90 days. For 2024, the consensus mark for earnings has moved 7.5% south in the same time frame. The bearish alterations in estimate revisions underscore a notable decline in brokers' confidence in the stock. ...

A month has gone by since the last earnings report for Landstar System (LSTR) . Shares have added about 1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Landstar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Landstar Q1 Earnings Top Landstar first-quarter 202 ...

Landstar System, Inc. (LSTR) is being hurt by weak freight conditions. The top line has been suffering mainly due to the below-par performance of its key segment, namely, truck transportation. Revenues are likely to be weak going forward as well. LSTR expects second-quarter 2024 truckload to decline in the range of 5%-9% on a year-over-year basis and truck revenue per load to decline in the range of 0%-4% on a year-over-year basis. Weakness in overall volumes due to headwinds like weak freight conditions, s ...

JACKSONVILLE, Fla., May 07, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) announced today its participation in the Bank of America 2024 Annual Investment Conference. Landstar's "fireside chat" discussion begins at 10:20 a.m. ET on Tuesday, May 14. It will be broadcast live via the Internet at www.investor.landstar.com; click on "Webcasts." The Bank of America 2024 Annual Investment Conference webcast will be available on Landstar's website through May 22. For more information about the webcas ...

Landstar System, Inc. (LSTR) first-quarter 2024 earnings per share (EPS) of $1.32 beat the Zacks Consensus Estimate of $1.28 but fell 39.2% year over year. Revenues of $1,171 million outpaced the Zacks Consensus Estimate of $1,119.5 million but declined 18.4% year over year. Operating income fell 40.8% from the prior-year quarter’s figure to $59.96 million. Total costs and expenses (on a reported basis) decreased 16.6% to $1,114.49 million. Total revenues in the truck transportation segment — contributing t ...

财务数据和关键指标变化 - 2024年第一季度收入同比下降19%,主要由于装载量下降13%,收入每车下降7% [33] - 2024年第一季度毛利率为9.7%,较2023年同期的10.7%有所下降 [37] - 2024年第一季度营业利润率较2023年同期有所下降,主要由于固定成本基础设施的影响 [39] 各条业务线数据和关键指标变化 - 重型运输业务收入同比增长约1%,装载量增长2%,收入每车下降1% [32] - 替代干线运输业务装载量同比下降36% [34] - 代表其他运输公司运输的收入同比下降36%,反映出当前市场上卡车运力较为充足 [36] 各个市场数据和关键指标变化 - 消费品耐用品收入同比下降20%,装载量下降15%,收入每车下降6% [33] - 机械设备装载量同比下降15%,汽车设备及零件装载量相对平稳,建材装载量下降2%,危险品装载量下降14% [34] 公司战略和发展方向及行业竞争 - 公司将重点关注跨境墨西哥和重型运输业务,这两个领域公司已经具有规模优势,并认为存在较大的增长机会 [14] - 公司将继续投资于领先的技术解决方案,以支持代理商和第三方运力提供商 [16] - 公司将保持资本配置策略不变,包括股票回购计划 [16] 管理层对经营环境和未来前景的评论 - 2024年第一季度货运环境持续疲软,制造业水平低于去年同期,通胀持续影响消费品支出 [17] - 2024年第二季度公司预计装载量同比下降5%-9%,收入每车同比下降0%-4% [47] - 公司认为行业正处于周期性低谷,但Landstar的独特业务模式将使其在市场转好时受益 [158] 问答环节重要的提问和回答 问题1 **Scott Group 提问** 询问3月份业务情况的变化以及4月份的改善迹象 [56][57][59][60] **Frank Lonegro 和 James Todd 回答** 3月业务较2月有所下滑,但4月初开始出现一些积极迹象,收入每车有所改善 [57][59][60] 问题2 **Thomas Wadewitz 提问** 询问代理商和独立承包商(BCO)的动态,以及未来的发展趋势 [72][73][77] **Frank Lonegro 和 Joe Beacom 回答** BCO数量下降趋势有所放缓,公司预计随着市场好转,BCO数量将会反弹 [73][77] 问题3 **Bascome Majors 提问** 询问公司是否会对现有的业务模式进行调整和优化 [134][135][136][137][138][139][140][141] **Frank Lonegro 回答** 公司将在现有良好基础上进行适度调整和优化,重点关注一些具有增长潜力的领域,如跨境业务、重型运输等 [135][136][137][138][139][140][141]

财务表现 - 2024年第一季度，Landstar System报告营收为11.71亿美元，每股收益为1.32美元[1] - 2024年第一季度，卡车运输收入中，通过独立业务容量所有者（BCOs）和卡车经纪承运商运输的收入为10.69亿美元，占总收入的91%[3] - 2024年第一季度，卡车运输中其他卡车运输收入为7200万美元，较2023年第一季度的1.595亿美元有所下降[4] - 2024年第一季度，卡车运输中，卡车运输的数量下降了13%，卡车每载收入下降了7%，但均略优于公司先前发布的预期[5] - 2024年第一季度，Landstar的毛利为1.139亿美元，可变贡献为1.6824亿美元，较2023年第一季度有所下降[6] - 2024年第一季度，Landstar的平均股东权益回报率为23%，投入资本回报率为22%[7] 公司信息 - Landstar将于明天上午8:00举行季度财报电话会议，提供实时网络直播[8] - Landstar提供了非GAAP财务指标：可变贡献和可变贡献率，以更好地理解公司的财务状况和运营结果[9] - Landstar在法律声明中指出，未来展望存在不确定性和风险，包括与独立佣金销售代理的俄罗斯冲突对运营的影响等[11] 公司财务比较 - Landstar System, Inc. 2024年第一季度营收为11.71亿美元，较2023年同期的14.36亿美元有所下降[16] - Landstar System, Inc. 2024年第一季度总成本为10.57亿美元，较2023年同期的12.83亿美元有所下降[16] - Landstar System, Inc. 2024年第一季度毛利润为1.14亿美元，毛利率为9.7%[16]

营收情况 - Landstar System (LSTR) 2024年第一季度营收为11.7亿美元，同比下降18.4% [1] - 营收超出Zacks Consensus Estimate 4.61%，每股收益也超出预期3.13% [2] 关键指标分析 - 关注公司的关键指标可以更好地了解其潜在表现 [3] - 与去年同期和分析师预期进行比较，可以更准确地预测股价表现 [4]

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.13%. A quarter ago, it was expected that this freight shipper and warehouser would post earnings of $1.63 per share when it actually produced earnings of $1.62, delivering a surprise of -0.61%. Over the last fou ...

JACKSONVILLE, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.32 in the 2024 first quarter on revenue of $1.171 billion. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.33 per share payable on May 24, 2024, to stockholders of record as of the close of business on May 8, 2024. "It's been a privilege to join Landstar and work alongside our c ...