News

JB Hunt (JBHT) reported $2.93 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 6.5%. EPS of $1.32 for the same period compares to $1.81 a year ago.

The reported revenue represents a surprise of -3.53% over the Zacks Consensus Estimate of $3.04 billion. With the consensus EPS estimate being $1.51, the EPS surprise was -12.58%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how JB Hunt performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Intermodal - Trailing equipment (end of period): 121,169 versus 120,103 estimated by three analysts on average.
• Integrated Capacity Solutions - Revenue per load: $1,860 compared to the $1,797.66 average estimate based on three analysts.
• Intermodal - Revenue per load: $2,829 versus the three-analyst average estimate of $2,824.38.
• Final Mile Services - Average trucks during the period: 1,374 versus 1,363 estimated by three analysts on average.
• Revenue- Truckload: $168.10 million versus $176.29 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -12.4% change.
• Revenue- Dedicated: $851.01 million versus $895.33 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.1% change.
• Revenue- Final Mile Services: $235.29 million versus the four-analyst average estimate of $238.03 million. The reported number represents a year-over-year change of +5.1%.
• Revenue- Integrated Capacity Solutions: $270.38 million versus the four-analyst average estimate of $301.96 million. The reported number represents a year-over-year change of -21.3%.
• Revenue- Intermodal: $1.41 billion compared to the $1.41 billion average estimate based on four analysts. The reported number represents a change of -5.5% year over year.
• Revenue- Fuel surcharge revenues: $383.66 million versus the three-analyst average estimate of $405.22 million. The reported number represents a year-over-year change of -9.7%.
• Revenue- Operating revenues, excluding fuel surcharge revenues: $2.55 billion versus $2.63 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6% change.
• Revenue- Intersegment eliminations: -$3.58 million versus the three-analyst average estimate of -$4.40 million. The reported number represents a year-over-year change of +0.9%.

View all Key Company Metrics for JB Hunt here>>>

Shares of JB Hunt have returned +7.4% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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