Landstar System Misses on Revenues but Beats on EPS
Landstar System (NAS: LSTR) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Landstar System missed slightly on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Gross margins shrank, operating margins grew, net margins grew.
Landstar System logged revenue of $649.0 million. The 14 analysts polled by S&P Capital IQ expected to see revenue of $660.7 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $572.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.57. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.55 per share. GAAP EPS of $0.57 for Q1 were 33% higher than the prior-year quarter's $0.43 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.3%, 40 basis points worse than the prior-year quarter. Operating margin was 6.6%, 60 basis points better than the prior-year quarter. Net margin was 4.1%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $758.2 million. On the bottom line, the average EPS estimate is $0.74.
Next year's average estimate for revenue is $2.96 billion. The average EPS estimate is $2.78.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 186 members out of 200 rating the stock outperform, and 14 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Landstar System a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Landstar System is outperform, with an average price target of $57.54.
Over the decades, small-cap stocks like Landstar System have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Get instant access to this free report.
- Add Landstar System to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.