TD Cowen lowered the firm’s price target on Landstar System to $172 from $185 and keeps a Market Perform rating on the shares. The firm said 4Q came in below their forecast but within its guidance range as another absent peak season pressured margins to finish the year. 1Q guidance implies continued margin pressure off a seasonally weaker quarter.
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Read More on LSTR:
- Landstar System Q4 Fiscal 2023 Results Investor Briefing
- Landstar System Reports Fourth Quarter Revenue of $1.204B and Earnings Per Share of $1.62
- Landstar System sees Q1 EPS $1.25-$1.35, consensus $1.63
- Landstar System sees Q1 revenue $1.1B-$1.15B, consensus $1.21B
- Landstar System reports Q4 EPS $1.62, consensus $1.62
