J.B. Hunt Transport Services, Inc.'s (JBHT) first-quarter 2024 revenues of $2,944 million missed the Zacks Consensus Estimate of $3,117.1 million and fell 8.8% year over year. Total operating revenues, excluding fuel surcharge revenue, fell 7% year over year. The downfall was owing to a 9% decrease in segment gross revenue per load in both Intermodal (JBI) and Truckload (JBT), 22% fewer loads in Integrated Capacity Solution (ICS), and a modest decline in average trucks and productivity in Dedicated Contract ...

J.B. Hunt Transport Services, Inc.’s (JBHT) first-quarter 2024 earnings of $1.22 per share missed the Zacks Consensus Estimate of $1.53 and declined 35.5% year over year.JBHT’s total operating revenues of $2,944 million missed the Zacks Consensus Estimate of $3,117.1 million and fell 8.8% year over year. Total operating revenues, excluding fuel surcharge revenue, fell 7% year over year. The downfall was owing to a 9% decrease in segment gross revenue per load in both Intermodal (JBI) and Truckload (JBT), 22 ...

Soft demand and higher expenses combined to cause a quarterly miss.Higher costs and weaker demand led to an earnings miss at J.B. Hunt Transport Services (JBHT -7.91%), and the company doesn't see things improving quickly. Investors are moving to the exit lane, sending J.B. Hunt shares down 9% as of 11:30 ET.A weak market for transportJ.B. Hunt is a trucking and logistics company focused on hauling intermodal containers (the rectangular boxes designed to transition seamlessly from ship to rail to truck). Th ...

Key PointsJ.B. Hunt had a weak quarter that calls the outlook into question. Contraction is worse than expected and economic headwinds continue to blow. Cash flow and the balance sheet are sufficient to sustain the dividend until recovery takes hold.5 stocks we like better than J.B. Hunt Transport ServicesJ.B. Hunt NASDAQ: JBHT is amid an industry normalization that will reinvigorate its market. However, the normalizing is taking longer than expected, and there are risks to the economy that point to lower p ...

Key TakeawaysShares in J.B. Hunt fell sharply ahead of Wednesday's opening bell after the transportation and logistics company's quarterly results came in short of analysts' expectations.The company reported flat volumes in its key Intermodal business due to weaker demand amid increased trucking competition across its Eastern network.A successful hold above the lower trendline of an ascending channel around $174 could see a reversal back to the upside in J.B. Hunt shares. J.B. Hunt Transport Services (JBHT) ...

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q1 2024 Earnings Conference Call April 16, 2024 5:00 PM ET Company Participants Brad Delco - Senior Vice President of Finance John Roberts - Chief Executive Officer Shelley Simpson - President John Kuhlow - Chief Financial Officer Nick Hobbs - Chief Operations Officer & President of Contract Services Darren Field - President of Intermodal Brad Hicks - Executive Vice President of People & President of Highway Services Conference Call Participants Jason Seidl - ...

JB Hunt (JBHT) reported $2.94 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 8.8%. EPS of $1.22 for the same period compares to $1.89 a year ago.The reported revenue represents a surprise of -5.55% over the Zacks Consensus Estimate of $3.12 billion. With the consensus EPS estimate being $1.53, the EPS surprise was -20.26%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

JB Hunt (JBHT) came out with quarterly earnings of $1.22 per share, missing the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20.26%. A quarter ago, it was expected that this trucking and logistics company would post earnings of $1.74 per share when it actually produced earnings of $1.47, delivering a surprise of -15.52%.Over the last four quart ...

Exhibit 99.1 J.B. HUNT TRANSPORT SERVICES, INC. REPORTS U.S. GAAP REVENUES, NET EARNINGS AND EARNINGS PER SHARE FOR THE FIRST QUARTER 2024 Operating income for the current quarter decreased 30% to $194.4 million versus $277.5 million for the first quarter 2023. The decrease in operating income was primarily due to a combination of lower volumes and yield pressure in JBI, ICS and JBT, as well as increases in equipment, insurance and claims, and bad debt expense. Operating income as a percentage of gross reve ...

J.B. Hunt Transport Services, Inc. (JBHT) is scheduled to report first-quarter 2024 results on Apr 16, after market close.J.B. Hunt has a disappointing earnings surprise history, having lagged the Zacks Consensus Estimate in each of the preceding four quarters, the average miss being 8.42%.Let’s see how things have shaped up for J.B. Hunt this earnings season.Q1 ExpectationsThe Zacks Consensus Estimate for J.B. Hunt’s first-quarter 2024 revenues is pegged at $3.14 billion, indicating a 2.83% decline year ov ...