J.B. Hunt'sNASDAQ: JBHT share price hit the skids following the Q4 2024 results but will not likely be down long, nor will the transportation industry with it. The results weren't bad but tepid relative to analysts' expectations, leaving the freight recovery in doubt.
J.B. Hunt Transport Services, Inc. JBHT shares dipped on Friday after Wells Fargo cut its price target on the stock from $200 to $190.
Shares of J.B. Hunt Transport Services (JBHT) tumbled 7% Friday, a day after the big shipping firm reported a drop in sales as volumes fell.
Revenues at JBHT decline 4.8% year over year in the fourth quarter of 2024. Operating income increases 2%.
U.S. stock futures were higher this morning, with the Dow futures gaining over 100 points on Friday.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT ) Q4 2024 Earnings Conference Call January 16, 2025 5:00 PM ET Company Participants Brad Delco - SVP of Finance Shelley Simpson - President and CEO John Kuhlow - CFO Spencer Frazier - EVP of Sales and Marketing Nick Hobbs - COO, President, Highway and Final Mile Services, EVP Brad Hicks - Dedicated Contract Services and EVP Darren Field - President, Intermodal Conference Call Participants Chris Wetherbee - Wells Fargo Jason Seidl - TD Cowen Jon Chappell - Evercore ISI Brian Ossenbeck - JPMorgan Jordan Alliger - Goldman Sachs Scott Group - Wolfe Research Ken Hoexter - Bank of America Brandon Oglenski - Barclays Daniel Imbro - Stephens, Inc. Tom Wadewitz - UBS Bruce Chan - Stifel Bascome Majors - Susquehanna Ariel Rosa - Citigroup Operator Ladies and gentlemen, thank you for standing by. My name is Abby, and I'll be your conference operator today.
The Dow returned -68 points of yesterday's +700, or -0.16% on the session.
While the top- and bottom-line numbers for JB Hunt (JBHT) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
JB Hunt (JBHT) came out with quarterly earnings of $1.53 per share, missing the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $1.47 per share a year ago.
J. B. Hunt (JBHT) traded lower after the closing bell. It reported in-line sales and an EPS miss in its latest earnings.
J.B. Hunt Transport Services, Inc. JBHT will release its fourth-quarter financial results, after the closing bell, on Thursday.
J.B. Hunt Transport Services stock has declined 8% over the past year due to underwhelming revenues and earnings, leading me to rate it a Hold. Investors should monitor tariff threats, gross margins and CAPEX spend in the upcoming earnings report for potential 2025 catalysts/headwinds. Risks include fuel costs, labor, and potential inflation re-emergence, which could impact JBHT's operations in Canada and Mexico.