JB Hunt (JBHT) Q2 Earnings and Revenues Miss Estimates

Company Performance - JB Hunt reported quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.51 per share, and down from $1.81 per share a year ago [8] - The company posted revenues of $2.93 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 3.53%, and down from $3.13 billion year-over-year [2] - JB Hunt has not surpassed consensus EPS estimates over the last four quarters [9] Stock Performance - JB Hunt shares have declined approximately 15.1% since the beginning of the year, contrasting with the S&P 500's gain of 18.1% [3] - The current consensus EPS estimate for the upcoming quarter is $1.73 on revenues of $3.19 billion, and for the current fiscal year, it is $6.43 on revenues of $12.54 billion [5] Industry Outlook - The Transportation - Truck industry, to which JB Hunt belongs, is currently ranked in the bottom 12% of over 250 Zacks industries, indicating a challenging environment [13] - The estimate revisions trend for JB Hunt is unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [12]