This summary was created by AI, based on 2 opinions in the last 12 months.
J.B. Hunt Transport Servces had a disappointing quarter with weak operating volume and revenues, leading to a 7% drop in shares. The CEO's positive outlook on intermodal shipping and potential for rising volumes provided some optimism, but concerns about higher costs, including insurance rates, and uncertainties around the impact of Red Sea disruptions weigh on investor sentiment. Overall, experts believe that the turn in trucking is just beginning and will take time to play out, with potential implications for the broader economy.
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.
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
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.
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.
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In the last year, there was no coverage of J.B. Hunt Transport Servces published on Stockchase.
On 2024-12-03, J.B. Hunt Transport Servces (JBHT-Q) stock closed at a price of $184.97.
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.