Heartland Express Third Quarter 2024 Earnings: Misses Expectations

Heartland Express (NASDAQ:HTLD) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$259.9m (down 12% from 3Q 2023).
• Net loss: US$9.28m (loss narrowed by 13% from 3Q 2023).
• US$0.12 loss per share (improved from US$0.14 loss in 3Q 2023).

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

Heartland Express Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's shares are up 3.1% 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. We have a graphic representation of Heartland Express' balance sheet and an in-depth analysis of the company's financial position.

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