NASDAQ$HTLD

Heartland Express Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Announced financial results showing revenue, profit, and operating efficiency during volatile times.

Heartland Express reported a 9.7% increase in operating revenue, reaching $162.3 million. Net income increased slightly to $20.7 million, with basic earnings per share at $0.25. The company maintained a strong balance sheet with $81.9 million in cash and total assets reaching a record high of $959.8 million.

  • Net income was $20.7 million, with basic earnings per share of $0.25.
  • Operating revenue increased by 9.7% over 2019, totaling $162.3 million.
  • Operating income reached $27.3 million.
  • Cash balance stood at $81.9 million, and total assets reached a record high of $959.8 million.

Headline financials

Total Revenue

$162M

Previous: $148M+9.7%
EPS (adj)

$0.25

Previous: $0.25+0.0%
Operating Ratio

83.2%

No prior period
Adj. Operating Ratio

81.5%

No prior period
Net Loss Margin

12.8%

No prior period
Capital Expenditures

-$164M

Previous: -$121M-35.9%
Free Cash Flow

-$143M

Previous: -$100M-43.0%
Net Income

$20.7M

Previous: $20.5M+1.0%
Operating Income

$27.3M

Previous: $26.7M+2.2%
Gross Profit

$155M

Previous: $142M+9.5%
Cash & Equivalents

$81.9M

Previous: $112M-26.8%
Total Assets

$960M

Previous: $949M+1.1%
Stock-Based Comp

$100K

Previous: $300K-66.7%

Revenue & EPS history

Heartland Express · Revenue · Quarterly

$162M

Q3 2020+9.7%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Heartland Express · $19.5M total across 1 segment · Q1 2020

  • Fuel Surcharge
    $19.5M+14.7%

Forward guidance

The Company currently anticipates a total of approximately $12 to $14 million in net capital expenditures for the remainder of calendar year 2020. We expect to record gains on sale of revenue equipment of approximately $4 to $5 million in the remainder of 2020, with all tractor dispositions already contracted with the manufacturers and their affiliates.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

-0.2%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.4%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+12.7%

Q2 2018

Best reaction

-14.0%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.4%+10.2%+19.3%
Q4 2025+3.1%+6.5%+0.4%
Q3 2025-1.1%-3.1%-1.9%
Q2 2025-1.4%+0.0%+0.5%
Q1 2025+1.3%+9.1%+3.6%
Q4 2024-2.2%-3.1%-13.7%
Q3 2024-3.0%-4.1%+10.4%
Q2 2024+2.7%+5.7%-2.2%
Q1 2024+0.5%+0.8%+10.2%
Q4 2023-1.7%-4.1%-4.8%
Q3 2023-14.0%-18.9%-7.8%
Q2 2023-7.8%-7.5%-9.8%
Q1 2023-0.1%+0.2%+8.6%
Q4 2022-7.2%-7.5%-4.2%
Q3 2022-8.0%-7.2%+9.8%
Q2 2022+5.1%+9.0%+10.4%
Q1 2022+3.9%+4.7%+1.5%
Q4 2021-0.7%-1.3%-8.9%
Q3 2021+1.7%+2.5%+6.6%
Q2 2021-1.1%-0.7%-0.8%
Q1 2021-2.7%-5.6%-6.8%
Q4 2020+1.9%+3.0%-1.5%
Q3 2020-7.7%-6.3%-6.7%
Q2 2020+6.3%+3.2%-0.6%
Q1 2020+1.6%+5.9%+8.1%
Q4 2019-4.1%-6.8%-1.9%
Q3 2019-6.4%-2.4%-4.0%
Q2 2019+7.0%+6.5%+5.7%
Q1 2019+5.9%+4.8%+1.3%
Q4 2018-1.0%-0.5%+5.0%
Q3 2018+5.6%+1.3%+6.9%
Q2 2018+12.7%+7.0%+7.2%
Q1 2018+1.1%-0.4%+5.1%
Q4 2017+3.5%-0.4%-6.5%
Q3 2017-11.0%-12.2%-11.3%
Q2 2017-2.0%-1.0%+5.5%
Q1 2017+5.3%+6.0%-1.3%
Q4 2016-2.0%-0.7%-0.5%
Q3 2016-0.7%-0.2%+18.2%
Q2 2016+2.7%+2.6%+6.4%
Q1 2016+9.3%
Q4 2015+4.6%
Q3 2015-12.7%
Q2 2015+10.6%
Q1 2015-5.7%
Q4 2014-4.9%
Q3 2014-3.8%
Q2 2014+8.6%
Q1 2014-3.6%
Q4 2013+0.9%
Q3 2013+2.0%
Q2 2013-0.1%
Q1 2013+0.2%
Q4 2012+4.1%
Q3 2012+0.4%
Q2 2012-0.1%
Q1 2012+1.7%
Q4 2011-0.9%
Q3 2011-1.2%
Q2 2011-7.4%
Q1 2010-2.8%
Q1 2011+1.8%
Q4 2008-2.4%
Q4 2010-2.4%
Q3 2010-0.7%
Q3 2009-0.7%
Q2 2010+1.5%
Q2 2009+1.5%
Q4 2009+1.5%

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