JB Hunt Transport Services Inc. Q1 Profit Beats, But Revenue Misses
Written by StockNews.com
JB Hunt Transport Services Inc. (NASDAQ:JBHT) early Monday posted mixed first quarter earnings results, as its profit numbers topped expectations but its revenues fell slightly short of the analyst consensus.
The Lowell, AR-based trucking and transport giant reported:
- Q1 earnings per share (EPS) of $0.92, which was $0.07 better than the Wall Street consensus estimate of $0.85.
- Revenues rose 6.6% from last year to $1.63 billion, slightly missing analysts’ view for $1.64 billion.
- Intermodal (JBI) load growth rose 2% from the year-ago period.
- Dedicated Contract Services (DCS) segment revenue jumped 10%.
- Integrated Capacity Solutions (ICS) load growth surged 36% from last year,
- and Truck (JBT) segment revenue fell 2%.
Established in 1961, JB Hunt began as a rice hull transporter and quickly grew to a diversified business model that now boasts a major presence in the trucking, logistics, and intermodal containers industries.
Year-to-date, JBHT has declined -7.95%, versus a 4.47% rise in the benchmark S&P 500 index during the same period.
JBHT currently has a StockNews.com POWR Rating of B (Buy), and is ranked #2 of 19 stocks in the Trucking Freight category.
This article may have been edited ([ ]), abridged (...) and reformatted (structure, title/subtitles, font) by the editorial team of munKNEE.com (Your Key to Making Money!) to provide a ...
more