J.B. Hunt Transport Services Inc. JBHT Beats on Earnings, Misses Revs
J.B. Hunt Transport Services Inc. together with its wholly-owned subsidiaries is a diversified transportation services and logistics company. Through its subsidiaries the company transports primarily full-load containerizable freight throughout the continental United States and portions of Canada and Mexico. The company also manages or provides logistics and transportation-related services which may utilize the company's own equipment and employees, or may employ equipment and services provided by unrelated third parties.
We believe J.B. Hunt will benefit from the resurgence in trade given its attractive asset-light (or even non-asset) models that produce the most attractive returns on invested capital in the industry. The company has transformed itself to an asset-light transportation provider from a traditional asset- based truckload carrier. We believe the company remains well placed for long-term success based on its diversified business model, although execution issues related to pricing and re-pricing remains a near term issue.
Currently, J.B. Hunt has a Zacks Rank #3 (Hold), but that could definitely change following J.B. Hunt’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: J.B. Hunt beats on earnings. Our consensus earnings estimate called for EPS of 96 cents per share, and the company reported EPS of 99 cents instead. Investors should note that these figures take out stock option expenses.
Revenue: J.B. Hunt reported revenues of $1,586.5 million. This missed our consensus estimate of $1,620 million.
Key Stats to Note: J.B. Hunt reported 13% increase in operating income.
Check back later for our full write up on this J.B. Hunt earnings report later!
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