- JB Hunt’s fourth-quarter EPS was reported at $1.53, missing the estimate of $1.63 but surpassing last year’s $1.47.
- The company had an effective tax rate of 19%, which was higher than both last year’s rate of 17.9% and the estimated 18.9%.
- Revenue totaled $3.15 billion, reflecting a 4.8% decline compared to last year, but it met market expectations.
- Intermodal revenue reached $1.60 billion, a 1.7% decrease year-over-year, slightly surpassing the estimate of $1.57 billion.
- Dedicated Contract Services revenue was $838.5 million, dropping by 5.1% from last year and falling short of the expected $849.6 million.
- Integrated Capacity Solutions saw a significant revenue drop of 15% to $307.6 million, underperforming the estimate of $317.6 million.
- Truck revenue was $182.0 million, down 6.9% year-over-year but exceeded the estimate of $179.8 million.
- Final Mile Services revenue decreased by 6.4% to $227.5 million, missing the projection of $236.1 million.
- Intermodal loads increased by 4.5% year-over-year to 560,132, beating the estimate of 548,256.
- Intermodal revenue per load was $2,850, a 5.9% reduction from last year, near the estimate of $2,862.
- Dedicated Contract Services loads were down 5.3% year-over-year at 967,571, below the estimate of 985,869.
- Revenue per truck per week in Dedicated Contract Services was $5,210, a 1.4% decline year-over-year, exceeding the forecast of $4,695.
- The average number of trucks during the period was 12,711, which is 3.8% below last year and lower than the estimated 12,820.
- Integrated Capacity Solutions loads plunged 22% year-over-year to 158,440, missing the estimate of 169,672.
- However, Integrated Capacity Solutions revenue per load increased by 8.9% to $1,942, outperforming the estimated $1,875.
- Truckload loads remained mostly stable, down only 0.1% from last year at 102,623, exceeding the estimated 101,025.
- Rents and purchased transportation operating expenses were cut by 7.3% year-over-year to $1.44 billion, slightly above the forecast of $1.43 billion.
- The company has garnered 16 buy ratings, 7 hold ratings, and 1 sell rating from analysts.
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Hunt (Jb) Transprt Svcs on Smartkarma
Independent investment research analysts on Smartkarma, like Baptista Research, are closely following Hunt (Jb) Transprt Svcs to provide valuable insights for investors. In their recent report titled “J.B. Hunt Transport Services: Will The Management’s Strategic Emphasis on Pricing and Cost Efficiency Pay Off? – Major Drivers“, they highlighted the company’s third-quarter results for fiscal year 2024. Despite facing a 3% revenue decline, a 7% drop in operating income, and a 17% decrease in diluted earnings per share, the analysts noted the strategic positioning of Hunt (Jb) Transprt Svcs amidst the challenges in the freight industry.
In another report by Baptista Research, titled “J.B. Hunt Transport Services: A Tale Of Intermodal Margin Recovery & Pricing Adjustments! – Major Drivers“, the analysts delved into the second-quarter results of 2024. They emphasized the commitment of the new CEO to long-term growth strategies focusing on key pillars like people, technology, and capacity. Baptista Research also provided insights into factors influencing the company’s stock price in the near future and conducted an independent valuation using a Discounted Cash Flow (DCF) methodology. Investors can leverage these research reports to make informed decisions regarding Hunt (Jb) Transprt Svcs.
A look at Hunt (Jb) Transprt Svcs Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Hunt (Jb) Transport Svcs seems to have a positive long-term outlook. With a strong momentum score of 4, the company appears to be gaining traction in the market. Additionally, its value, growth, and resilience scores all indicate favorable aspects of its operations and financial health. While the dividend score is slightly lower at 2, the overall outlook for Hunt (Jb) Transport Svcs seems promising across multiple key factors.
J.B. Hunt Transport Services, Inc. and its subsidiaries operate in the transportation and logistics sector in North America. The company’s diverse range of transported products, including automotive parts, department store merchandise, and food and beverages, showcases its broad market presence. With a balanced set of Smart Scores indicating strengths in various aspects, Hunt (Jb) Transport Svcs appears to be well-positioned for continued success in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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