NASDAQ:JBHT

155.56
2.45 (1.55%) 1d
0
Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

J.B. Hunt Transport Services reported a mixed quarter with a slight beat in sales but a big earnings miss. The CEO made encouraging comments about intermodal shipping and cited volume increases, but skeptics note disruptions in Red Sea shipping to benefit the company. Higher costs due to rocketing insurance rates also impacted earnings. Experts believe that the turn in trucking is just beginning and needs time to play out, and rising freight costs will make it harder for the Fed to cut interest rates.

Consensus
Mixed
Valuation
Fair Value
WATCH

They reported a mixed quarter last night: slight beat in sales due to strength in intermodal business, but a big earnings miss. Yet, it opened higher this morning. The freight market has been horrible the past two years. Hunt's CEO however made encouraging comments about intermodal shipping (half of JBHT's business), citing volume increases last October-December of 6-8% monthly, with an uptick at the end of the year. Rising volumes will eventually trickle to the bottom line. Skeptics note that disruptions in Red Sea shipping benefitted Hunt. The CEO says he doesn't know the impact of the Red Sea yet. Earnings missed because of $53 million of higher costs (rocketing insurance rates). Verdict: the turn in trucking is just beginning and needs time to play out. Also rising freight costs will make it harder for the Fed to cut interest rates. But when the business cycle starts rolling, you can make great money from the trucking stocks.

Transportation
DON'T BUY

It was expected that earnings would be awful--and were. Management was not confident at all about its outlook. They're feeling the pain of a freight recession.

Transportation
BUY
Had a negative quarter with profit falling short by 17% and revenue growth missed expectations. It peaked in March 2020 and thrived during Covid (all transports did), but then plunged after demand dried up suddenly after Covid ended. It's taken a long time to work off the inventory glut and inflation hasn't helped. Shares peaked before their business peaked. Therefore, shares will bottom before the actual business bottoms. The recent conference call said that this glut is ending. Good news. The call said that the second half of 2023 will be better.
Transportation
COMMENT
They report Wednesday. Listen for any signs of slowing in shipping.
Transportation
DON'T BUY
They report Friday. America's third-biggest trucking company. They have a hard time finding drivers for them and many companies. Maybe pay your drivers more. It was downgraded from hold to sell recently by a major firm.
Transportation
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J.B. Hunt Transport Servces(JBHT-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for J.B. Hunt Transport Servces is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

J.B. Hunt Transport Servces(JBHT-Q) Frequently Asked Questions

What is J.B. Hunt Transport Servces stock symbol?

J.B. Hunt Transport Servces is a American stock, trading under the symbol JBHT-Q on the NASDAQ (JBHT). It is usually referred to as NASDAQ:JBHT or JBHT-Q

Is J.B. Hunt Transport Servces a buy or a sell?

In the last year, 1 stock analyst published opinions about JBHT-Q. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for J.B. Hunt Transport Servces.

Is J.B. Hunt Transport Servces a good investment or a top pick?

J.B. Hunt Transport Servces was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for J.B. Hunt Transport Servces.

Why is J.B. Hunt Transport Servces stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is J.B. Hunt Transport Servces worth watching?

In the last year, there was no coverage of J.B. Hunt Transport Servces published on Stockchase.

What is J.B. Hunt Transport Servces stock price?

On 2024-06-18, J.B. Hunt Transport Servces (JBHT-Q) stock closed at a price of $155.56.