Marten Transport Ltd reports results for the quarter ended June 30 - Earnings Summary

• Marten Transport Ltd MRTN reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of three analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 7 cents to 9 cents per share.

• Revenue fell 6.6% to $229.92 million from a year ago; analysts expected $228.96 million.

• Marten Transport Ltd's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $7.19 million.

• Marten Transport Ltd shares had risen by 1.1% this quarter and lost 15.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for Marten Transport Ltd is $15.50, about 15.3% above its last closing price of $13.13

This summary was machine generated from LSEG data July 16 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)