Stock Analysis

Heartland Express Third Quarter 2024 Earnings: Misses Expectations

Published
NasdaqGS:HTLD

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).
NasdaqGS:HTLD Earnings and Revenue Growth October 30th 2024

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 4.5% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's shares are down 2.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Heartland Express' balance sheet health.

Valuation is complex, but we're here to simplify it.

Discover if Heartland Express might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.