J.B. Hunt Transport Services, Inc. (JBHT) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Let's delve deeper. Southward Earnings Estimate Revision: The Zacks Consensus Estimate for third-quarter 2024 earnings has been revised 17.4% downward over the past 90 days. For 2024, the consensus mark for earnings has moved 12% south in the same time frame. The bearish alterations in estimate revisions underscore a notable decline in brokers' confidence in ...

J.B. Hunt Transport Services' (JBHT) board of directors has approved a new share repurchase plan. As part of the program, which has no expiration date, $1 billion worth of shares are authorized for buyback. This new program will commence after the existing $500 million share repurchase plan is completed. The existing buyback plan was announced in July 2022. Under this existing program, the transportation company repurchased shares worth $228.3 million in the first six months of 2024. Details regarding the n ...

J. B. Hunt Transport Services (JBHT) is a Zacks Rank #5 (Strong Sell) as earnings estimates have tracked lower following a earnings miss in July. The company is one of the largest provider of transportation services. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day. Description J.B. Hunt Transport Services, Inc. engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS) ...

J.B. Hunt Transport Services, Inc.(JBHT) continues to grapple with weakness across the majority of its business segments. JBHT reported second-quarter 2024 revenues of $2.93 billion, which missed the Zacks Consensus Estimate of $3.03 billion and fell 7% year over year. Total operating revenues, excluding fuel surcharge revenue, fell 6% year over year. The downfall was owing to a 5% decrease in gross revenue per load in Intermodal (JBI) and a decline in load volume of 25% in Integrated Capacity Solutions (IC ...

The fair value of trading investments has been measured using the market approach (Level 1) and reflects quoted market prices. Trading investments are classified in other assets in our Condensed Consolidated Balance Sheets. The carrying amounts of all other instruments at June 30, 2024, approximate their fair value due to the short maturity of these instruments. As the result of state use tax audits, we have been assessed amounts owed from which we are vigorously appealing. We have recorded a liability for ...

Justin Paget/DigitalVision via Getty Images J.B. Hunt is finding itself in a unique position as the macroeconomic data appears relatively mixed. On the one hand, June ISM-PMIs are flashing contractionary territory as business activity, new orders, backlogs, and inventories fall into sharp decline. I believe the silver lining here is that inventories have been drastically drawn down in an attempt to right-size businesses, and that replenishment will inevitably occur. Though this is a more optimistic outlook, ...

At last glance, JBHT was down 7.2% at $163.31, looking to snap a five-day win streak. That small rally further removed the stock from its June 14, three-year low of $153.12, though it's still down 18.3% this year. J.B. Hunt Transport Services Inc (NASDAQ:JBHT) stock is slipping today following the ground freight and logistics company's disappointing second-quarter results, with profits falling 24% due to industry headwinds. Plenty of analysts adjusted their price targets after the event, including a hike fr ...

Quarterly earnings of $1.32 per share missed the Zacks Consensus Estimate of $1.51 and declined 27% year over year. Operating income for the reported quarter fell 24% year over year to $205.7 million. The downside was owing to lower revenues and higher insurance and claims, equipment-related, and certain personnel-related expenses. Segmental Highlights Transcontinental network loads increased 4% year over year, while eastern network loads decreased 7%. Dedicated Contract Services segment revenues fell 4% fr ...

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q2 2024 Earnings Call Transcript July 16, 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 Jon Chappell - Evercore ISI Jordan Alliger - Goldman Sachs Chris Wetherbee - Wells ...

JB Hunt (JBHT) reported $2.93 billion in revenue for the quarter ended June 2024, representing a year-overyear decline of 6.5%. EPS of $1.32 for the same period compares to $1.81 a year ago. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Intermodal - Trailing equipment (end of ...