Landstar System (NASDAQ:LSTR) reported its Q1 earnings results on Wednesday, April 20, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Landstar System beat estimated earnings by 10.96%, reporting an EPS of $3.34 versus an estimate of $3.01.
Revenue was up $683.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.18 which was followed by a 4.04% drop in the share price the next day.
Here's a look at Landstar System's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.81 | 2.49 | 2.31 | 1.63 |
| EPS Actual | 2.99 | 2.58 | 2.40 | 2.01 |
| Revenue Estimate | 1.81B | 1.66B | 1.47B | 1.15B |
| Revenue Actual | 1.95B | 1.73B | 1.57B | 1.29B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Landstar System management provided guidance for Q2 2022, expecting earnings between $3.22 and $3.32 per share.
To track all earnings releases for Landstar System visit their earnings calendar here..
This article was generated by Benzinga's automated content engine and reviewed by an editor.
