Strong third-quarter earnings from the logistics firm represent the “end of the estimate-revision era,” wrote J.P. Morgan analyst Brian Ossenbeck.
Shares in JBHT moved higher following a better than expected Q3. The transportation bellwether reported declining revenues but the declines were better-than-feared. Positive volume trends and more normalized seasonal demand provided a tailwind to results, while pricing remained a headwind.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT ) Q3 2024 Earnings Conference Call October 15, 2024 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 and President, Contract Services Darren Field - President, Intermodal Brad Hicks - President, Highway Services and EVP of People Conference Call Participants Ken Hoexter - Bank of America Brian Ossenbeck - JPMorgan Jon Chappell - Evercore ISI Jordan Alliger - Goldman Sachs Daniel Imbro - Stephens, Inc. Scott Group - Wolfe Research Ravi Shanker - Morgan Stanley Tom Wadewitz - UBS Chris Wetherbee - Wells Fargo David Zazula - Barclays Bascome Majors - Susquehanna Operator Hello, and welcome to J.B. Hunt's Third Quarter 2024 Earnings Conference Call.
Although the revenue and EPS for JB Hunt (JBHT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
JB Hunt (JBHT) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.80 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for JB Hunt (JBHT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
The new FCEVs are expected to boost JBHT's Intermodal operations in California.
J.B. Hunt's (JBHT) stock continues to grapple with higher interest expenses, lower segmental revenues and high debt.
J.B. Hunt's (JBHT) new $1 billion share buyback program reflects the company's shareholder-friendly approach. The program has no expiration date.
On August 20, Bank of America (BofA) reaffirmed its Buy rating for J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) and set a price target of $189.
This stock has the unenviable streak of missing the Zacks Consensus Estimate in each of the last 7 quarters.