The 10-second takeaway
For the quarter ended Dec. 29 (Q4), Landstar System missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded.
Margins increased across the board.
Landstar System notched revenue of $691.3 million. The 17 analysts polled by S&P Capital IQ hoped for revenue of $714.9 million on the same basis. GAAP reported sales were 3.7% lower than the prior-year quarter's $717.9 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 $0.73. The 21 earnings estimates compiled by S&P Capital IQ forecast $0.67 per share. GAAP EPS of $0.73 for Q4 were 4.3% higher than the prior-year quarter's $0.70 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 22.7%, 20 basis points better than the prior-year quarter. Operating margin was 7.2%, 10 basis points better than the prior-year quarter. Net margin was 4.9%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $674.9 million. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $3.00 billion. The average EPS estimate is $3.02.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 177 members out of 192 rating the stock outperform, and 15 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give Landstar System a green thumbs-up, and three 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 $54.86.
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