Landstar Continues to Grapple With Weakness in Freight Market

Zacks12-20 22:35

Landstar System, Inc. (LSTR) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Landstar is being hurt by reduced demand for freight services ...

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(LSTR) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.\nLandstar is being hurt by reduced demand for freight services ...</p>\n\n<a href=\"https://finance.yahoo.com/news/landstar-continues-grapple-weakness-freight-143500973.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0068578508.USD","symbol_name":"First Eagle Amundi International Cl AU-C USD","start_time":0,"source_url":"https://finance.yahoo.com/news/landstar-continues-grapple-weakness-freight-143500973.html","article_id":"2493425577","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/DEstXzsIplh.2H7jJnmBDA--~B/aD00Mjc7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7ada1598fc364283c3430928cdd86edc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493425577","pubTimestamp":1734705300,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Landstar System, Inc. is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.Landstar is being hurt by reduced demand for freight services and increased truck capacity. Highlighting the weak freight demand, the Cass Freight Shipment Index declined 0.7% year over year in November. This measure has deteriorated year over year since January 2024, confirming the overall declining trend.Due to the weakness in demand, shipment volumes and rates are low. The top line has been suffering mainly due to the below-par performance of its key segment, namely, truck transportation. Revenues are likely to be weak going forward as well.Driver shortage continues to be a major challenge facing the trucking industry. As old drivers retire, trucking companies find it difficult to hire drivers since the job does not appeal to the younger generation.The Zacks Consensus Estimate for WAB’s 2024 earnings has been revised 2.5% upward over the past 90 days. 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(LSTR) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.\nLandstar is being hurt by reduced demand for freight services and increased truck capacity. Highlighting the weak freight demand, the Cass Freight Shipment Index declined 0.7% year over year in November. This measure has deteriorated year over year since January 2024, confirming the overall declining trend.\nDue to the weakness in demand, shipment volumes and rates are low. The top line has been suffering mainly due to the below-par performance of its key segment, namely, truck transportation. Revenues are likely to be weak going forward as well.\nDriver shortage continues to be a major challenge facing the trucking industry. As old drivers retire, trucking companies find it difficult to hire drivers since the job does not appeal to the younger generation.\nPartly due to these headwinds, shares of LSTR have plunged 10.1% so far this year compared with the industry’s loss of 0.4%.\nYTD Price Comparison\nImage Source: Zacks Investment Research\nThe negative sentiment surrounding the stock is evident from the fact that the Zacks Consensus Estimate for fourth-quarter and full-year 2024 earnings has been revised downward by 18.1 and 5.1%, respectively, over the past 90 days. The bearish alterations in estimate revisions underscore a notable decline in brokers' confidence in the stock.\nAdditionally, downbeat earnings expectations cast a shadow over a company’s prospects. For fourth-quarter 2024, LSTR’s earnings are expected to decline 16.1% year over year. For 2024, LSTR’s earnings are expected to decline 24.3% year over year.\nLSTR’s Zacks Rank and Style Score\nLandstar currently carries a Zacks Rank #4 (Sell). The company’s current Value Score of D shows its unattractiveness.\nStocks to Consider\nSome better-ranked stocks from the Zacks Transportation sector are C.H. Robinson Worldwide, Inc. (CHRW) and Wabtec Corporation WAB, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nCHRW has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 10.29%.\nThe Zacks Consensus Estimate for CHRW’s 2024 earnings has been revised 6.4% upward over the past 90 days. CHRW has an expected earnings growth rate of 33.3% for 2024. Shares of the company have gained 21.6% so far this year.\nWAB has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 9.46%.\nThe Zacks Consensus Estimate for WAB’s 2024 earnings has been revised 2.5% upward over the past 90 days. WAB has an expected earnings growth rate of 28.55% for 2024. Shares of the company have gained 49.4% so far this year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nC.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report\nWestinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report\nLandstar System, Inc. (LSTR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493425577"}