- JB Hunt reported a third-quarter earnings per share (EPS) of $1.49, beating the analyst estimate of $1.39 but falling short of last year’s $1.80.
- The company’s quarterly revenue was $3.07 billion, a 3% decline year-over-year, but it surpassed the estimate of $3.01 billion.
- Intermodal revenue remained flat at $1.56 billion, matching the previous year and exceeding the estimate of $1.47 billion.
- Dedicated Contract Services generated $846.0 million in revenue, marking a 5.2% decrease from the previous year, slightly below the estimate of $857.1 million.
- Integrated Capacity Solutions revenue stood at $278.2 million, a 6.7% decrease from the previous year, and slightly below the expected $280.4 million.
- Truck revenue saw a 12% year-over-year decline to $173.2 million, under the estimate of $177.7 million.
- Final Mile Services revenue fell by 3.4% to $218.3 million, significantly below the estimate of $237 million.
- Intermodal loads increased by 5.1% year-over-year to 547,988, surpassing the estimate of 524,077.
- Intermodal revenue per load decreased by 4.8% to $2,841, slightly above the estimate of $2,806.
- Dedicated Contract Services loads reached 1.01 million, marking a 6.1% year-over-year decrease but meeting the estimate.
- The revenue per truck per week for Dedicated Contract Services was $5,073, a 2.7% decrease from the previous year, marginally above the estimate of $5,064.
- Average number of trucks during the period declined by 3.3% to 12,800, below the estimate of 13,017.
- Integrated Capacity Solutions loads fell by 9.7% to 147,805, slightly below the estimate of 150,118.
- Revenue per load in Integrated Capacity Solutions increased by 3.4% to $1,882, surpassing the estimate of $1,851.
- Truckload loads decreased by 5.8% year-over-year to 100,896 but surpassed the estimate of 97,776.
- Rents and purchased transportation operating expenses were reduced by 4.4% to $1.38 billion, slightly above the estimate of $1.36 billion.
- Analyst recommendations for JB Hunt include 15 buys, 9 holds, and no sell ratings.
Hunt (Jb) Transprt Svcs on Smartkarma
Analyst coverage of Hunt (Jb) Transport Svcs on Smartkarma is provided by Baptista Research, a trusted source for independent investment research. Baptista Research has published several reports on J.B. Hunt Transport Services, analyzing key factors affecting the company’s performance and future prospects.
In their reports such as “J.B. Hunt Transport Services: A Tale Of Intermodal Margin Recovery & Pricing Adjustments!” and “J.B. Hunt Transport Services: Expanded Intermodal Services Driving Our Bullish Thesis!”, Baptista Research delves into the company’s financial results, strategic initiatives, and market dynamics. The analyst sentiment leans towards a bullish outlook, highlighting J.B. Hunt’s response to challenges, growth strategies, and potential opportunities in the evolving transportation industry.
A look at Hunt (Jb) Transprt Svcs Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Based on the Smartkarma Smart Scores, Hunt (Jb) Transprt Svcs shows a promising long-term outlook. With a strong Momentum score of 4, the company is positioned well for potential growth and market performance. Additionally, scoring a 3 in both Value and Growth, Hunt (Jb) Transprt Svcs demonstrates potential for value appreciation and sustainable expansion over time.
Moreover, the company’s Resilience score of 3 indicates a level of stability and ability to weather market fluctuations. While the Dividend score of 2 suggests a moderate dividend outlook, Hunt (Jb) Transprt Svcs‘ overall Smart Scores paint a positive picture for investors looking towards the future.
Summary: J.B. Hunt Transport Services, Inc. offers transportation and logistics services across North America, transporting various products from automotive parts to food and beverages. With favorable Smartkarma Smart Scores in Momentum, Value, Growth, and Resilience, the company shows promise for long-term success.
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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