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J.B. Hunt (JBHT) Misses on Q2 Earnings

Zacks Equity Research

J.B. Hunt Transport Services Inc. JBHT, headquartered in Lowell, Arkansas, is a leading provider of surface transportation and delivery services in the continental United States, Canada, and Mexico.

J.B. Hunt has an unimpressive track record with respect to earnings. The company has delivered negative earnings surprises in three of the last four quarters, with an average miss of 1.58%.

Zacks Rank: Currently, J.B. Hunt has a Zacks Rank #4 (Sell), but that could definitely change following J.B. Hunt‘s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: J.B. Hunt ‘s second quarter 2017 earnings of 88 cents per share fell short of the Zacks Consensus Estimate of 92 cents. Earnings also declined 4.35% on a year-over-year basis. 

Revenue: Total operating revenues increased 6.93% year over year to $1,726.9 million, narrowly missing the Zacks Consensus Estimate of $1,733.1 million.

J.B. Hunt Transport Services, Inc. Price and EPS Surprise


J.B. Hunt Transport Services, Inc. Price and EPS Surprise | J.B. Hunt Transport Services, Inc. Quote

Key Stats : During the quarter, the company repurchased approximately 564,000 shares for approximately $50 million. Operating income in the first quarter decreased 6.8% to $164 million. Lower customer rates hurt results. The company revised some aspects of its full-year 2017 guidance. For example, capex for 2017 is now expected at $471 million (old guidance: $477 million).

Stock Price: The top and bottom line miss disappointed investors. Consequently, shares of the company were down in pre-market trading at the time of writing.

Check back later for our full write up on this J.B. Hunt earnings report later!

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