Heartland Express (HTLD - Free Report) reported $295.03 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.7%. EPS of -$0.14 for the same period compares to $0.31 a year ago.
The reported revenue represents a surprise of -2.04% over the Zacks Consensus Estimate of $301.18 million. With the consensus EPS estimate being $0.07, the EPS surprise was -300.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Heartland Express performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating ratio: 102.5% compared to the 95.2% average estimate based on two analysts.
- Fuel surcharge revenue: $42.93 million versus $41.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -9.6% change.
- Operating revenue, excluding fuel surcharge revenue: $252.10 million versus $261.35 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.
View all Key Company Metrics for Heartland Express here>>>Shares of Heartland Express have returned -3.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Heartland Express (HTLD - Free Report) reported $295.03 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.7%. EPS of -$0.14 for the same period compares to $0.31 a year ago.
The reported revenue represents a surprise of -2.04% over the Zacks Consensus Estimate of $301.18 million. With the consensus EPS estimate being $0.07, the EPS surprise was -300.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Heartland Express performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating ratio: 102.5% compared to the 95.2% average estimate based on two analysts.
- Fuel surcharge revenue: $42.93 million versus $41.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -9.6% change.
- Operating revenue, excluding fuel surcharge revenue: $252.10 million versus $261.35 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.
View all Key Company Metrics for Heartland Express here>>>Shares of Heartland Express have returned -3.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Get the latest research report on HTLD - FREE