NASDAQ$HTLD

Heartland Express Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported net income of $20.3 million and basic earnings per share of $0.26.

Heartland Express reported Q4 2021 financial results, featuring a net income of $20.3 million and basic earnings per share of $0.26. The company's operating income increased by 11.5% compared to 2020, and it maintained a strong cash balance with a debt-free balance sheet.

  • Net income was $20.3 million, with basic earnings per share at $0.26.
  • Operating revenue reached $148.1 million.
  • Operating income increased by 11.5% over 2020, reaching $26.5 million.
  • The company's cash balance was $157.7 million, maintaining a debt-free balance sheet.

Headline financials

Total Revenue

$148M

Previous: $156M-4.9%
EPS (adj)

$0.26

Previous: $0.22+18.2%
Operating Ratio

82.1%

Previous: 84.7%-3.1%
Net Loss Margin

13.7%

Previous: 11.3%+21.2%
Capital Expenditures

$39.4M

Previous: $40.5M-2.7%
Free Cash Flow

-$11.7M

Previous: $5.35M-318.7%
Net Income

$20.3M

Previous: $17.7M+14.9%
Operating Income

$26.5M

Previous: $23.8M+11.5%
Gross Profit

$28.3M

Previous: $31.9M-11.1%
Cash & Equivalents

$158M

Previous: $114M+38.5%
Total Assets

$929M

Previous: $951M-2.4%
Stock-Based Comp

$100K

Previous: $600K-83.3%

Revenue & EPS history

Heartland Express · Revenue · Quarterly

$148M

Q4 2021-4.9%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

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

  • Fuel Surcharge
    $19.5M+14.7%

Forward guidance

Heartland Express anticipates a strong freight demand environment in 2022, with increasing costs driving freight rates. The company believes that supply chain challenges will persist, rewarding financially strong carriers like Heartland Express.

Tailwinds

  • Strong freight demand expected to continue.
  • Increasing costs are expected to drive higher freight rates.
  • Opportunities to improve consolidated operations.
  • Heartland Express is well-positioned for the future.
  • Strong financial position to capitalize on market conditions.

Headwinds

  • Continued challenges for supply chains.
  • Hiring and retaining professional drivers remains difficult.
  • Expected environment in 2022 will continue to be a challenge for supply chains
  • Increasing costs are expected to continue
  • Shrinking pool of qualified and safe professional drivers across the industry.

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 Q4 2021

Historical avgQ4 2021

-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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