Marten Transport (NASDAQ:MRTN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$237.4m (down 15% from 3Q 2023).

• Net income: US$3.75m (down 72% from 3Q 2023).

• Profit margin: 1.6% (down from 4.9% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.046 (down from US$0.17 in 3Q 2023).

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

Marten Transport Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Marten Transport that you need to take into consideration.

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