Landstar System Earnings Preview: Can This Streak Continue?

Landstar System (NASDAQ:LSTR) will report earnings before markets open on Thursday, April 25th. Landstar System, Inc. is a North American truckload carrier. The Company transports a variety of freight, including iron and steel, automotive products, paper, lumber, chemicals, foodstuffs, and military hardware. Landstar provides truckload carrier services, intermodal transportation services, and expedited air and truck services to shippers in the US, Canada, and Mexico.

Here is your Cheat Sheet to Landstar System Earnings:

Earnings Expectations: Analysts expect earnings of $0.57 per share on revenues of $648.56 million. Currently, the company’s P/E ratio stands at 19.43.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.81 to a profit $0.79. For the current year, the average estimate is a profit of $2.97, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Landstar System has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,646 2,010 2,402 2,651 2,795
Diluted EPS ($) 2.10 1.37 1.77 2.38 2.77

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 717.93 649.41 736.38 717.56 691.63
Diluted EPS ($) 0.69 0.57 0.76 0.71 0.73

Past Performance:
Landstar System has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]