Landstar System (LSTR) Stock Forecast, Price Target & Predictions
LSTR Stock Forecast
Landstar System stock forecast is as follows: an average price target of $169.38 (represents a -8.03% downside from LSTR’s last price of $184.16) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.
LSTR Price Target
The average price target for Landstar System (LSTR) is $169.38 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $195.00 to $145.00. This represents a potential -8.03% downside from LSTR's last price of $184.16.
LSTR Analyst Ratings
According to 13 Wall Street analysts, Landstar System's rating consensus is 'Hold'. The analyst rating breakdown for LSTR stock is 0 'Strong Buy' (0.00%), 1 'Buy' (7.69%), 9 'Hold' (69.23%), 3 'Sell' (23.08%), and 0 'Strong Sell' (0.00%).
Landstar System Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 31, 2024 | David Hicks | Raymond James | $195.00 | $193.87 | 0.58% | 5.89% |
| Jul 08, 2024 | Ravi Shanker | Morgan Stanley | $145.00 | $180.58 | -19.70% | -21.26% |
| Jun 25, 2024 | Jonathan Chappell | Evercore ISI | $173.00 | $184.50 | -6.23% | -6.06% |
| Apr 29, 2024 | Bruce Chan | Stifel Nicolaus | $164.00 | $177.26 | -7.48% | -10.95% |
| Jan 09, 2023 | Ravi Shanker | Morgan Stanley | $140.00 | $167.31 | -16.32% | -23.98% |
| Jan 04, 2023 | - | Wells Fargo | $155.00 | $165.57 | -6.38% | -15.83% |
| Nov 29, 2022 | - | Deutsche Bank | $182.00 | $171.71 | 5.99% | -1.17% |
| Nov 29, 2021 | Amit Mehrotra | Deutsche Bank | $189.00 | $170.15 | 11.08% | 2.63% |
| Oct 22, 2021 | Bascome Majors | Susquehanna | $176.00 | $172.00 | 2.33% | -4.43% |
| Oct 22, 2021 | Stephanie Benjamin | Truist Financial | $165.00 | $172.00 | -4.07% | -10.40% |
The latest Landstar System stock forecast, released on Jul 31, 2024 by David Hicks from Raymond James, set a price target of $195.00, which represents a 0.58% increase from the stock price at the time of the forecast ($193.87), and a 5.89% increase from LSTR last price ($184.16).
Landstar System Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 4 |
| Avg Price Target | - | $171.00 | $169.25 |
| Last Closing Price | $184.16 | $184.16 | $184.16 |
| Upside/Downside | -100.00% | -7.15% | -8.10% |
In the current month, the average price target of Landstar System stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Landstar System's last price of $184.16. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 31, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jul 31, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Jul 11, 2024 | Wolfe Research | Buy | Peer Perform | Downgrade |
| Jul 08, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jan 10, 2024 | Wolfe Research | - | Buy | Upgrade |
| Jun 09, 2023 | Susquehanna | Neutral | Neutral | Hold |
| Feb 03, 2023 | Stephens | Equal-Weight | Equal-Weight | Hold |
| Jan 09, 2023 | Susquehanna | - | Neutral | Downgrade |
| Jan 09, 2023 | Raymond James | - | Outperform | Downgrade |
| Jan 09, 2023 | Credit Suisse | - | Neutral | Downgrade |
Landstar System's last stock rating was published by Raymond James on Jul 31, 2024. The company gave LSTR a "Outperform" rating, the same as its previous rate.
Landstar System Financial Forecast
Landstar System Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $1.29B | $1.37B | $1.44B | $1.67B | $1.82B | $1.98B | $1.97B | $1.95B | $1.73B | $1.57B | $1.29B | $1.30B | $1.09B | $823.51M | $927.57M | $994.88M | $1.01B | $1.05B | $1.03B | $1.18B | $1.20B |
| Avg Forecast | $1.43B | $1.39B | $1.37B | $1.26B | $1.26B | $1.23B | $1.25B | $1.13B | $1.24B | $1.31B | $1.36B | $1.42B | $1.77B | $1.80B | $2.02B | $1.86B | $1.84B | $1.65B | $1.48B | $1.15B | $1.20B | $1.04B | $786.59M | $930.98M | $995.54M | $1.02B | $1.07B | $1.05B | $1.12B | $1.18B |
| High Forecast | $1.45B | $1.42B | $1.39B | $1.28B | $1.28B | $1.26B | $1.27B | $1.14B | $1.26B | $1.32B | $1.38B | $1.44B | $1.79B | $1.83B | $2.02B | $1.97B | $1.94B | $1.75B | $1.56B | $1.22B | $1.27B | $1.10B | $831.27M | $983.87M | $1.05B | $1.08B | $1.13B | $1.11B | $1.34B | $1.42B |
| Low Forecast | $1.40B | $1.36B | $1.34B | $1.23B | $1.23B | $1.22B | $1.22B | $1.10B | $1.21B | $1.29B | $1.33B | $1.39B | $1.73B | $1.76B | $2.02B | $1.78B | $1.75B | $1.58B | $1.41B | $1.10B | $1.15B | $994.80M | $751.82M | $889.83M | $951.54M | $974.50M | $1.02B | $1.00B | $896.01M | $944.77M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 8 | 4 | 3 | 6 | 10 | 8 | 8 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 6 | 6 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 19 |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.99% | 1.01% | 1.01% | 0.95% | 1.01% | 0.98% | 1.06% | 1.06% | 1.05% | 1.06% | 1.11% | 1.08% | 1.04% | 1.05% | 1.00% | 1.00% | 0.99% | 0.98% | 0.98% | 1.06% | 1.02% |
Landstar System's average Quarter revenue forecast for Dec 23 based on 6 analysts is $1.24B, with a low forecast of $1.21B, and a high forecast of $1.26B. LSTR's average Quarter revenue forecast represents a -3.65% decrease compared to the company's last Quarter revenue of $1.29B (Sep 23).
Landstar System EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 8 | 4 | 3 | 6 | 10 | 8 | 8 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 6 | 6 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 19 |
| EBITDA | - | - | - | - | - | - | - | - | - | $74.30M | $82.98M | $98.55M | $123.19M | $132.78M | $149.83M | $162.11M | $161.82M | $143.70M | $134.39M | $115.37M | $96.06M | $93.59M | $43.65M | $65.51M | $77.94M | $81.33M | $91.89M | $92.23M | $97.09M | $97.86M |
| Avg Forecast | $104.72M | $102.07M | $100.07M | $92.24M | $92.33M | $90.06M | $91.58M | $178.29M | $90.89M | $95.56M | $99.26M | $162.09M | $129.24M | $152.36M | $147.91M | $147.35M | $153.27M | $138.51M | $130.95M | $88.47M | $79.86M | $77.20M | $48.57M | $69.08M | $86.18M | $85.88M | $91.89M | $87.95M | $102.29M | $107.32M |
| High Forecast | $106.40M | $103.71M | $101.68M | $93.72M | $93.82M | $92.26M | $93.05M | $213.95M | $92.35M | $96.38M | $100.86M | $194.50M | $131.32M | $182.83M | $147.91M | $176.82M | $183.92M | $166.21M | $157.13M | $106.17M | $95.83M | $92.64M | $58.28M | $82.90M | $103.41M | $103.06M | $110.26M | $105.54M | $122.74M | $128.78M |
| Low Forecast | $102.30M | $99.71M | $97.76M | $90.11M | $90.20M | $89.33M | $89.46M | $142.64M | $88.71M | $94.68M | $96.97M | $129.67M | $126.25M | $121.89M | $147.91M | $117.88M | $122.62M | $110.80M | $104.76M | $70.78M | $63.89M | $61.76M | $38.85M | $55.27M | $68.94M | $68.71M | $73.51M | $70.36M | $81.83M | $85.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.78% | 0.84% | 0.61% | 0.95% | 0.87% | 1.01% | 1.10% | 1.06% | 1.04% | 1.03% | 1.30% | 1.20% | 1.21% | 0.90% | 0.95% | 0.90% | 0.95% | 1.00% | 1.05% | 0.95% | 0.91% |
6 analysts predict LSTR's average Quarter EBITDA for Dec 23 to be $90.89M, with a high of $92.35M and a low of $88.71M. This is 22.32% upper than Landstar System's previous annual EBITDA (Sep 23) of $74.30M.
Landstar System Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 8 | 4 | 3 | 6 | 10 | 8 | 8 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 6 | 6 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 19 |
| Net Income | - | - | - | - | - | - | - | - | - | $61.65M | $66.56M | $78.19M | $93.30M | $100.22M | $112.56M | $124.84M | $113.31M | $98.67M | $92.29M | $77.24M | $65.07M | $61.89M | $24.25M | $40.90M | $50.05M | $53.26M | $61.10M | $63.32M | $68.26M | $66.98M |
| Avg Forecast | $74.58M | $69.35M | $67.03M | $55.82M | $57.55M | $52.34M | $51.79M | $136.69M | $57.83M | $60.87M | $64.43M | $124.27M | $92.94M | $104.62M | $116.90M | $112.97M | $107.33M | $95.11M | $89.93M | $59.23M | $54.10M | $51.04M | $26.99M | $43.13M | $55.33M | $56.23M | $61.10M | $60.38M | $64.39M | $65.74M |
| High Forecast | $76.13M | $70.80M | $68.43M | $56.99M | $58.75M | $54.09M | $52.87M | $164.03M | $59.25M | $63.00M | $65.78M | $149.12M | $94.88M | $125.54M | $116.90M | $135.56M | $128.80M | $114.13M | $107.91M | $71.08M | $64.92M | $61.25M | $32.38M | $51.75M | $66.40M | $67.48M | $73.32M | $72.46M | $77.27M | $78.89M |
| Low Forecast | $72.34M | $67.26M | $65.02M | $54.15M | $55.82M | $50.93M | $50.23M | $109.35M | $56.77M | $59.44M | $62.50M | $99.41M | $90.14M | $83.70M | $116.90M | $90.38M | $85.86M | $76.09M | $71.94M | $47.39M | $43.28M | $40.84M | $21.59M | $34.50M | $44.27M | $44.99M | $48.88M | $48.31M | $51.51M | $52.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.01% | 1.03% | 0.63% | 1.00% | 0.96% | 0.96% | 1.11% | 1.06% | 1.04% | 1.03% | 1.30% | 1.20% | 1.21% | 0.90% | 0.95% | 0.90% | 0.95% | 1.00% | 1.05% | 1.06% | 1.02% |
Landstar System's average Quarter net income forecast for Dec 23 is $57.83M, with a range of $56.77M to $59.25M. LSTR's average Quarter net income forecast represents a -6.20% decrease compared to the company's last Quarter net income of $61.65M (Sep 23).
Landstar System SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 8 | 4 | 3 | 6 | 10 | 8 | 8 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 6 | 6 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 19 |
| SG&A | - | - | - | - | - | - | - | - | - | $80.52M | $84.31M | $81.21M | $85.65M | $84.96M | $93.02M | $83.48M | $92.82M | $88.77M | $78.24M | $66.91M | $64.06M | $60.71M | $60.35M | $70.28M | $63.31M | $62.12M | $57.58M | $56.26M | $65.22M | $65.52M |
| Avg Forecast | $73.56M | $71.69M | $70.29M | $64.79M | $64.85M | $63.26M | $64.33M | $91.41M | $63.84M | $67.12M | $69.72M | $83.10M | $90.78M | $94.11M | $103.90M | $75.54M | $87.92M | $85.56M | $76.23M | $51.31M | $53.26M | $50.07M | $67.15M | $95.01M | $92.29M | $87.90M | $78.48M | $72.30M | $79.15M | $83.60M |
| High Forecast | $74.74M | $72.85M | $71.42M | $65.83M | $65.90M | $64.80M | $65.36M | $109.69M | $64.87M | $67.70M | $70.84M | $99.72M | $92.24M | $112.94M | $103.90M | $90.65M | $105.50M | $102.67M | $91.48M | $61.58M | $63.92M | $60.09M | $80.58M | $114.01M | $110.75M | $105.49M | $94.17M | $86.76M | $94.98M | $100.32M |
| Low Forecast | $71.86M | $70.04M | $68.67M | $63.29M | $63.36M | $62.75M | $62.84M | $73.13M | $62.31M | $66.50M | $68.11M | $66.48M | $88.68M | $75.29M | $103.90M | $60.43M | $70.34M | $68.45M | $60.99M | $41.05M | $42.61M | $40.06M | $53.72M | $76.01M | $73.83M | $70.32M | $62.78M | $57.84M | $63.32M | $66.88M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.20% | 1.21% | 0.98% | 0.94% | 0.90% | 0.90% | 1.11% | 1.06% | 1.04% | 1.03% | 1.30% | 1.20% | 1.21% | 0.90% | 0.74% | 0.69% | 0.71% | 0.73% | 0.78% | 0.82% | 0.78% |
Landstar System's average Quarter SG&A projection for Dec 23 is $63.84M, based on 6 Wall Street analysts, with a range of $62.31M to $64.87M. The forecast indicates a -20.71% fall compared to LSTR last annual SG&A of $80.52M (Sep 23).
Landstar System EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 8 | 4 | 3 | 6 | 10 | 8 | 8 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 6 | 6 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 19 |
| EPS | - | - | - | - | - | - | - | - | - | $1.71 | $1.85 | $2.18 | $2.60 | $2.79 | $3.09 | $3.36 | $3.01 | $2.59 | $2.41 | $2.01 | $1.70 | $1.61 | $0.63 | $1.04 | $1.27 | $1.35 | $1.53 | $1.58 | $1.69 | $1.63 |
| Avg Forecast | $2.09 | $1.95 | $1.88 | $1.57 | $1.61 | $1.47 | $1.45 | $1.28 | $1.62 | $1.71 | $1.81 | $2.07 | $2.61 | $2.76 | $3.27 | $3.17 | $2.87 | $2.50 | $2.34 | $1.63 | $1.73 | $1.41 | $0.71 | $1.10 | $1.42 | $1.41 | $1.53 | $1.51 | $1.50 | $1.57 |
| High Forecast | $2.14 | $1.99 | $1.92 | $1.60 | $1.65 | $1.52 | $1.48 | $1.30 | $1.66 | $1.77 | $1.84 | $2.11 | $2.66 | $2.82 | $3.27 | $3.40 | $3.08 | $2.68 | $2.51 | $1.75 | $1.86 | $1.51 | $0.76 | $1.18 | $1.52 | $1.51 | $1.65 | $1.63 | $1.80 | $1.88 |
| Low Forecast | $2.03 | $1.89 | $1.82 | $1.52 | $1.57 | $1.43 | $1.41 | $1.24 | $1.59 | $1.67 | $1.75 | $2.00 | $2.53 | $2.68 | $3.27 | $2.99 | $2.70 | $2.35 | $2.20 | $1.54 | $1.63 | $1.32 | $0.67 | $1.04 | $1.34 | $1.33 | $1.45 | $1.43 | $1.20 | $1.26 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 1.05% | 1.00% | 1.01% | 0.94% | 1.06% | 1.05% | 1.04% | 1.03% | 1.23% | 0.98% | 1.15% | 0.88% | 0.95% | 0.90% | 0.96% | 1.00% | 1.04% | 1.13% | 1.04% |
According to 6 Wall Street analysts, Landstar System's projected average Quarter EPS for Dec 23 is $1.62, with a low estimate of $1.59 and a high estimate of $1.66. This represents a -5.15% decrease compared to LSTR previous annual EPS of $1.71 (Sep 23).
Landstar System Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FWRD | Forward Air | $36.23 | $74.00 | 104.25% | Buy |
| HUBG | Hub Group | $45.22 | $89.69 | 98.34% | Hold |
| JBHT | J.B. Hunt Transport Services | $167.99 | $195.00 | 16.08% | Buy |
| CHRW | C.H. Robinson Worldwide | $100.26 | $98.45 | -1.81% | Hold |
| EXPD | Expeditors of Washington | $123.70 | $121.00 | -2.18% | Hold |
| LSTR | Landstar System | $184.12 | $169.38 | -8.01% | Hold |
LSTR Forecast FAQ
Is Landstar System a good buy?
No, according to 13 Wall Street analysts, Landstar System (LSTR) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 7.69% of LSTR's total ratings.
What is LSTR's price target?
Landstar System (LSTR) average price target is $169.38 with a range of $145 to $195, implying a -8.03% from its last price of $184.16. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Landstar System stock go up soon?
According to Wall Street analysts' prediction for LSTR stock, the company can go down by -8.03% (from the last price of $184.16 to the average price target of $169.38), up by 5.89% based on the highest stock price target, and down by -21.26% based on the lowest stock price target.
Can Landstar System stock reach $300?
LSTR's average twelve months analyst stock price target of $169.38 does not support the claim that Landstar System can reach $300 in the near future.
What are Landstar System's analysts' financial forecasts?
Landstar System's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $4.87B (high $4.96B, low $4.78B), average EBITDA is $452.27M (high $493.08M, low $411.63M), average net income is $298.37M (high $329.75M, low $266.34M), average SG&A $283.85M (high $305.75M, low $262.07M), and average EPS is $5.81 (high $5.95, low $5.64). LSTR's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.45B (high $5.54B, low $5.33B), average EBITDA is $399.1M (high $405.52M, low $389.88M), average net income is $266.78M (high $272.35M, low $258.76M), average SG&A $280.33M (high $284.84M, low $273.86M), and average EPS is $7.48 (high $7.64, low $7.26).
Did the LSTR's actual financial results beat the analysts' financial forecasts?
Based on Landstar System's last annual report (Dec 2022), the company's revenue was $7.44B, which missed the average analysts forecast of $7.44B by -0.10%. Apple's EBITDA was $567.92M, missing the average prediction of $576.86M by -1.55%. The company's net income was $430.91M, beating the average estimation of $427.43M by 0.82%. Apple's SG&A was $347.11M, missing the average forecast of $364.33M by -4.73%. Lastly, the company's EPS was $11.99, beating the average prediction of $11.81 by 1.56%. In terms of the last quarterly report (Sep 2023), Landstar System's revenue was $1.29B, missing the average analysts' forecast of $1.31B by -1.28%. The company's EBITDA was $74.3M, missing the average prediction of $95.56M by -22.24%. Landstar System's net income was $61.65M, beating the average estimation of $60.87M by 1.29%. The company's SG&A was $80.52M, beating the average forecast of $67.12M by 19.95%. Lastly, the company's EPS was $1.71, beating the average prediction of $1.71 by 0.17%