Overview
U.S.-based truckload carrier's Q4 revenue slightly beat analyst expectations
Net income for Q4 declined compared to the previous year
Company noted sequential improvements in profitability and operational metrics
Outlook
Company focuses on minimizing freight market impact with data-driven efficiencies and cost controls
Company sees immigration enforcement efforts as positive for growth opportunities
Result Drivers
FREIGHT MARKET RECESSION - Co cited historic freight market recession with oversupply and weak demand as pressure on earnings
OPERATIONAL IMPROVEMENTS - Co reported sequential increases in revenue per tractor, rate per mile, and miles per tractor
IMMIGRATION ENFORCEMENT IMPACT - Co expects stricter immigration enforcement to positively impact growth opportunities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Beat* | $210.11 mln | $209.32 mln (3 Analysts) |
Q4 EPS | $0.05 | ||
Q4 Net Income | $3.70 mln | ||
Q4 EBIT | $4.58 mln | ||
Q4 Operating Expenses | $205.53 mln | ||
Q4 Pretax Profit | $5.05 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the ground freight & logistics peer group is "buy."
Wall Street's median 12-month price target for Marten Transport Ltd is $11.50, about 7.9% below its January 26 closing price of $12.48
The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 28 three months ago
Press Release: ID:nGNX4Pzg9r
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)