JB Hunt (JBHT) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - JB Hunt reported $2.93 billion in revenue for Q2 2024, a year-over-year decline of 6.5% and EPS of $1.32 compared to $1.81 a year ago [1] Revenue Performance - Intermodal revenue was $1.41 billion, matching the average estimate, but reflecting a year-over-year decline of 5.5% [3] - Revenue from Integrated Capacity Solutions was $270.38 million, below the average estimate of $301.96 million, representing a year-over-year decline of 21.3% [3] - Truckload revenue was $168.10 million, below the average estimate of $176.29 million, showing a year-over-year decline of 12.4% [3] - Dedicated revenue was $851.01 million, below the average estimate of $895.33 million, with a year-over-year decline of 4.1% [3] - Final Mile Services revenue was $235.29 million, slightly below the average estimate but showing a year-over-year increase of 5.1% [3] - Fuel surcharge revenues were $383.66 million, below the average estimate of $405.22 million, reflecting a year-over-year decline of 9.7% [3] - Operating revenues, excluding fuel surcharge revenues, were $2.55 billion, below the average estimate of $2.63 billion, representing a year-over-year decline of 6% [3] Earnings Performance - The reported revenue was a surprise of -3.53% compared to the Zacks Consensus Estimate of $3.04 billion, and the EPS surprise was -12.58% against the consensus estimate of $1.51 [4] Stock Performance - JB Hunt shares returned +7.4% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [5] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [5]