J.B. Hunt Transport Servces (JBHT-Q)
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Tech and TD lead rallyThis summary was created by AI, based on 2 opinions in the last 12 months.
J.B. Hunt Transport Services (JBHT-Q) is currently facing a challenging period, as highlighted by contrasting expert reviews. While one expert regards the company as a key indicator of economic health and expresses optimism ahead of their earnings report, the other presents a starkly different perspective. The latest earnings report revealed a significant decline in operating volume of 24% year-over-year and a 7% drop in operating revenues. Management's explanation points to rising insurance costs and personnel expenses, but an absence of guidance leaves investors concerned. Following the report, shares plummeted by 7% in a single day and have notably declined 18% over the year, indicating troubled waters for this logistics giant.
Yesterday, it reported very weak numbers, like operating volume -24% YOY and operating revenues -7% YOY. Management blamed higher insurance and certain personnel expenses. They don't give guidance. The investor call went badly. Shares tanked 7% today. Is -18% this year.
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.
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.
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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
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 OTC stock, trading under the symbol JBHT-Q on the (). It is usually referred to as 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 , J.B. Hunt Transport Servces (JBHT-Q) stock closed at a price of $.
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