Landstar System Q3 Results & Guidance Review
<p><a href='https://financialmodelingprep.com/financial-summary/LSTR'>Landstar System (NASDAQ: LSTR)</a> reported its Q3 results last week, with EPS of $2.76 coming in worse than the Street estimate of $2.77. Revenue was $1.82 billion, slightly better than the Street estimate of $1.81 billion.</p>
<p>Q3 number of loads (volume)/revenue per load (pricing) via truck was up 1%/flat year-over-year. After eight quarters of meaningful year-over-year growth, these metrics appear on the cusp of inflecting. Nonetheless, the company’s Q3 revenue and EPS were still quarterly records.</p>
<p>The company expects Q4 revenue to be in the range of $1.775–1.825 billion, compared to the partially updated Street estimate of $1.775 billion. Q4 EPS is expected to be in the range of $2.60–2.70, compared to the partially updated Street estimate of $2.59.</p>

NASDAQ:, LSTR