Heartland Express Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Heartland Express (NASDAQ:HTLD) Full Year 2023 Results
Key Financial Results
Revenue: US$1.21b (up 25% from FY 2022).
Net income: US$14.8m (down 89% from FY 2022).
Profit margin: 1.2% (down from 14% in FY 2022).
EPS: US$0.19 (down from US$1.69 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Heartland Express EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates.
In the last 12 months, the only revenue segment was Transportation - Trucking contributing US$1.21b. Notably, cost of sales worth US$873.6m amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$199.0m (60% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$13.5m. Explore how HTLD's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Transportation industry in the US.
Performance of the American Transportation industry.
The company's shares are down 4.1% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Heartland Express you should know about.
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