Boston, MA 03\/11\/2014 (wallstreetpr) – Landstar System, Inc. (NASDAQ:LSTR)<\/b> has been seen making interesting moves recently. While the excitement around the stock has little to do with its most recent quarter results, it is clear it has a lot to do with the current quarter.<\/p>\n
Shares of Landstar System, Inc. (NASDAQ:LSTR) soared to establish a new 52-week high at $61.92, before eventually settling at $61.52 with 0.26 loss Monday. The day was characterized with high and low moments and fairly large amount of shares changing hands.<\/p>\n
The ups and downs that have characterized Landstar System, Inc. (NASDAQ:LSTR) have been about the analysts\u2019 comments around the stock as well as the company\u2019s own predictions for the current quarter.<\/p>\n
Encouraging Guidance<\/b><\/p>\n
The number one reason Landstar System, Inc. (NASDAQ:LSTR) is exciting is that the management has issued guidance for the current quarter that is all be strong.<\/p>\n
The management expects the company to report first quarter revenue between $640 and $690 million. These estimates exceed what many analysts have been modeling for the quarter.<\/p>\n
Landstar System, Inc. (NASDAQ:LSTR) last reported its quarterly earnings in January where earnings per share came in at $0.55, missing consensus estimates by 8 cents. However, revenue was very strong at $691.98 million, against $669.72 million that analysts estimated.<\/p>\n
Analyst upgrade<\/b><\/p>\n
Landstar System, Inc. (NASDAQ:LSTR) has witnessed expectations around it revised over the past 7 days. The latest rating firm to adjust its view on the stock is EVA Dimensions. The analysts at the brokerage upped their view on the stock from \u201chold\u201d to \u201coverweight.\u201d<\/p>\n
Besides the most recent sentiment from EVA Dimensions, several other analysts and brokerages have been offering their views on the stock. And as it turns out, most of the views have been positive. From roughly nine rating firms, Landstar System, Inc. (NASDAQ:LSTR) has its stock bearing consensus view of \u201chold\u201d and average price target of $56.66.<\/p>\n
Bottom line<\/b><\/p>\n
As a highway broker, Landstar System, Inc. (NASDAQ:LSTR) reveals interesting potentials which can lead to profits for investors. The dance being witnessed in the stock might be opening up opportunity for brave investors to stake a position at a discounted price.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 03\/11\/2014 (wallstreetpr) – Landstar System, Inc. (NASDAQ:LSTR) has been seen making interesting moves recently. While the excitement around the stock has little to […]<\/p>\n","protected":false},"author":9,"featured_media":17020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[5062,5063],"stock_ticker":[],"class_list":["post-17019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-landstar-system-inc-nasdaqlstr","tag-nasdaqlstr","entry"],"acf":[],"yoast_head":"\n