The shares of Marten Transport, Ltd. (MRTN) drops as the market gains: what you need to know – August 24, 2022
Martin Transport, Ltd. (MRTN – Free Report) closed at $21.62 in the last trading session, marking a -1.05% move from the previous day. That move lagged the S&P 500’s 0.29% daily gain. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq gained 0.07%.
Prior to today’s session, the company’s shares had gained 8.17% over the past month. This outpaced the transportation sector’s gain of 7.59% and the S&P 500’s gain of 4.36% during this period.
Martin Transport, Ltd. will be looking to show some strength ahead of its next earnings release. The company is expected to post EPS of $0.35, up 34.62% from the prior year quarter. Meanwhile, our latest consensus estimate calls for revenue of $329.05 million, up 30.95% from the prior year quarter.
Looking to the full year, our Zacks consensus estimates suggest analysts are expecting earnings of $1.41 per share and revenue of $1.28 billion. These totals would mark changes of +38.24% and +31.38%, respectively, from last year.
It’s also important to note recent changes to analyst estimates for Marten Transport, Ltd. These revisions generally reflect the latest short-term trading trends, which may change frequently. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past month, the Zacks Consensus EPS estimate rose 2.66%. Martin Transport, Ltd. is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that Marten Transport, Ltd. has a Forward P/E ratio of 15.46 at this time. This valuation marks a premium to the sector’s average Forward P/E of 10.79.
The Transport – Truck industry is part of the Transport sector. This group has a Zacks industry ranking of 17, which places it in the top 7% of over 250 industries.
The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to track all of these stock movement metrics, and more, at Zacks.com.