Heartland Express First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Heartland Express (NASDAQ:HTLD) First Quarter 2024 Results

Key Financial Results

• Revenue: US$270.3m (down 18% from 1Q 2023).
• Net loss: US$15.1m (down by 220% from US$12.6m profit in 1Q 2023).
• US$0.19 loss per share (down from US$0.16 profit in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Heartland Express Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 51%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Heartland Express' balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.