Landstar is set to report its second-quarter earnings this Tuesday after market close. Analysts expect revenue to grow 10.4% year on year, a reversal from the 1.1% decline in the same quarter last year. The company beat revenue and EPS estimates last quarter, reporting $1.17 billion in revenue. Some transportation peers have already posted results, with Knight-Swift Transportation beating expectations with 12.6% revenue growth and Ryder topping estimates with 5% growth. Landstar shares are down 5.1% over the last month, heading into earnings with an average analyst price target of $198.07 compared to a current price of $200.32.
Landstar System IncUpcoming earnings report with expected revenue growth; stock performance and analyst price target noted.
Knight Transportation Inc
Ryder System Inc