Landstar System (Nasdaq: 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.

Revenue details
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.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
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.

Margin details
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.

Looking ahead
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.

Investor sentiment
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.

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