- Q2 EPS Performance: JB Hunt’s earnings per share (EPS) for the second quarter of 2024 was $1.32, missing the estimate of $1.48 and down from $1.81 the previous year.
- Revenue: The company reported revenue of $2.93 billion, reflecting a 6.5% decline year-over-year (y/y); the estimate was $3.03 billion.
- Intermodal Segment:
- Revenue: $1.41 billion, down 5.5% y/y; estimate was $1.43 billion.
- Loads: 497,446, down 0.8% y/y; estimate was 506,513.
- Revenue per load: $2,829, a decrease of 4.7% y/y; estimate was $2,828.
- Integrated Capacity Solutions (ICS):
- Revenue: $270.4 million, down 21% y/y; estimate was $298.7 million.
- Loads: 145,362, down 25% y/y; estimate was 167,857.
- Revenue per load: $1,860, an increase of 5.3% y/y; estimate was $1,794.
- Truck Segment:
- Revenue: $168.1 million, down 12% y/y; estimate was $183.1 million.
- Loads: 92,628, down 8.7% y/y; estimate was 99,166.
- Final Mile Services: Revenue increased by 5.1% y/y to $235.3 million, exceeding the estimate of $232.9 million.
- Operational Metrics:
- Average trucks during the period: 13,142, a slight decrease of 0.7% y/y; estimate was 13,297.
- Rents and purchased transportation operating expenses: $1.27 billion, down 9.3% y/y; estimate was $1.36 billion.
- Analyst Ratings: The stock has 14 buy ratings, 8 hold ratings, and 1 sell rating from analysts.
Hunt (Jb) Transprt Svcs on Smartkarma
On Smartkarma, independent analysts are closely covering Hunt (Jb) Transport Svcs, providing valuable insights into the company’s performance and future prospects. Baptista Research recently published two bullish research reports on J.B. Hunt Transport Services, highlighting key drivers influencing the company’s trajectory.
In the first report, Baptista Research delves into the challenges faced by J.B. Hunt in the First Quarter of 2024, emphasizing market pressures impacting revenues and profits. Despite these hurdles, the analysts remain optimistic about the company’s strategic positioning for long-term growth. Using a Discounted Cash Flow (DCF) methodology, Baptista Research aims to independently evaluate the factors that could shape J.B. Hunt’s future stock price.
A look at Hunt (Jb) Transprt Svcs Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Hunt (Jb) Transport Svcs shows promising signs for long-term growth. With a strong score of 4 for Growth, the company is positioned well for future expansion and development. This indicates a positive outlook for the company’s potential to increase in value and profitability over time.
Additionally, Hunt (Jb) Transport Svcs demonstrates decent scores across other factors such as Resilience and Momentum, with scores of 3 for both. This suggests that the company has the ability to weather economic challenges and maintain steady performance. Overall, while the Value and Dividend scores are moderate at 2, the higher ratings in Growth, Resilience, and Momentum hint at a bright future for Hunt (Jb) Transport Svcs.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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