Shares of Landstar System (NASDAQ:LSTR) fell in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share rose 93.27% over the past year to $2.01, which beat the estimate of $1.63.
Revenue of $1,288,000,000 rose by 38.86% from the same period last year, which beat the estimate of $1,150,000,000.
Looking Ahead
Q2 EPS expected between $2.20 and $2.30.
Q2 revenue expected between $1,400,000,000 and $1,450,000,000.
Technicals
Company’s 52-week high was at $179.50
Company’s 52-week low was at $94.12
Price action over last quarter: Up 21.56%
Company Overview
Landstar System is an asset-light third-party logistics provider focused on over-the-road truck transportation (92% of revenue). It also offers intermodal (3%) and global air and ocean forwarding (3%). The remainder of its revenue stems from warehousing services and premiums from insurance programs offered to captive owner-operators.
