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Heartland Express (HTLD) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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Heartland Express (HTLD - Free Report) reported $274.75 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 10.3%. EPS of -$0.04 for the same period compares to $0.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $276.49 million, representing a surprise of -0.63%. The company has not delivered EPS surprise, with the consensus EPS estimate being -$0.04.
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: 99.9% versus the two-analyst average estimate of 100%.
Fuel surcharge revenue: $36.83 million versus $40.65 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -11.3% change.
Operating revenue, excluding fuel surcharge revenue: $237.93 million versus $235.84 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
Shares of Heartland Express have returned +5.1% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Heartland Express (HTLD) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Heartland Express (HTLD - Free Report) reported $274.75 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 10.3%. EPS of -$0.04 for the same period compares to $0.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $276.49 million, representing a surprise of -0.63%. The company has not delivered EPS surprise, with the consensus EPS estimate being -$0.04.
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: 99.9% versus the two-analyst average estimate of 100%.
- Fuel surcharge revenue: $36.83 million versus $40.65 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -11.3% change.
- Operating revenue, excluding fuel surcharge revenue: $237.93 million versus $235.84 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
View all Key Company Metrics for Heartland Express here>>>Shares of Heartland Express have returned +5.1% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.