Index Investing News
Thursday, May 29, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Earnings Preview: JB Hunt Transport (JBHT) likely to end FY23 on a weak note

by Index Investing News
January 12, 2024
in Markets
Reading Time: 3 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


JB Hunt Transport Services Inc (NASDAQ: JBHT), a provider of transportation and logistics services, is coming out of a rough patch after being hit by economic uncertainties and high-interest rates. Last year was a challenging period for the company due to the unfavorable market environment and falling freight prices. JH Hunt is scheduled to report fourth-quarter earnings next week.

In 2023, the performance of JB Hunt’s stock was marked by a series of ups and downs, but it mostly stayed above the long-term average. While the volatility extended into the new year, the stock is likely to stabilize and cross the $200 mark in the coming months. It is down 3.6% since the beginning of the year.

Volume Woes

The business experienced weakness in recent times due to higher operating costs and a decline in e-commerce volumes, even as the pandemic-induced spike in online purchases subsided and people started returning to stores and dining out. However, there has been an improvement in volumes and pricing lately, especially in the Intermodal (JBI) segment. The company’s other business divisions are also showing signs of a rebound.

Going forward, revenues and margins should benefit from the ongoing volume recovery in the transportation sector and favorable shifts in customers’ inventory positions. Margins came under pressure from higher costs related to wages and fleet maintenance, with the tight labor market adding to the problem. Meanwhile, the volume recovery has yet to create any meaningful operating leverage.

Q4 Report Due

The Lowell-headquartered trucking firm is preparing to publish results for the final three months of fiscal 2023. When the fourth-quarter report comes on January 18, after the closing bell, the market will be looking for earnings of $1.76 per share, vs. $1.92 per share a year earlier. The weak sentiment over the bottom-line performance reflects an estimated 10% fall in revenues to $3.28 billion.

JB Hunt’s CEO John Roberts said at the last earnings call, “Our focus is on deploying capital in areas of the transportation industry where we see a long-term opportunity to compound returns. We participate in an industry with a large, addressable market that is cyclical. Remaining disciplined around our investments with a long-term focus on our people, technology that enables and capacity to deliver for and on behalf of our customers will support and drive long-term growth for the company and our shareholders.”

Weak Results

It is worth noting that both earnings and revenues missed estimates in each of the trailing four quarters. In the third quarter, earnings declined a dismal 30% year-over-year to $1.80 per share from $2.57 per share in the year-ago period. At $3.16 billion, total operating revenue was down 18% in Q3, mainly reflecting weakness in the Intermodal and Truckload (JBT) divisions. Revenue declined across the board, including the other operating segments of Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Final Mile Services (FMS).

JBHT experienced big fluctuations in early trading on Thursday and hovered around $190 in the afternoon, after opening the session lower.



Source link

Tags: EarningsFY23HuntJBHTNotePreviewtransportWeak
ShareTweetShareShare
Previous Post

Ukraine says consumption, defence sector to fuel growth By Reuters

Next Post

How to Generate Income With a Low Risk Strategy

Related Posts

Earnings Preview: Robust outcomes anticipated as Broadcom prepares for Q2 report

Earnings Preview: Robust outcomes anticipated as Broadcom prepares for Q2 report

by Index Investing News
May 28, 2025
0

Broadcom, Inc. (NASDAQ: AVGO), a market chief in semiconductor and infrastructure software program, shall be reporting second-quarter outcomes subsequent week...

Did Sam Altman Simply Current a Stunning AI Roadmap to Congress?

Did Sam Altman Simply Current a Stunning AI Roadmap to Congress?

by Index Investing News
May 28, 2025
0

The opposite day, I got here throughout this put up on X: Sadly, what adopted was a number of AI hype with...

GameStop drops 9% regardless of initiating bitcoin shopping for plan with 0 million buy

GameStop drops 9% regardless of initiating bitcoin shopping for plan with $500 million buy

by Index Investing News
May 28, 2025
0

A basic view of the GameStop emblem on considered one of its shops within the metropolis heart of Cologne, Germany.Ying...

European companies have by no means been this gloomy about China

European companies have by no means been this gloomy about China

by Index Investing News
May 28, 2025
0

A L 'Oreal retailer close to the Nanjing Street Pedestrian Avenue in Shanghai, China on April 1, 2025.Cfoto | Future...

IPO Information: Fintech agency Chime Monetary recordsdata for preliminary public providing

IPO Information: Fintech agency Chime Monetary recordsdata for preliminary public providing

by Index Investing News
May 27, 2025
0

The IPO market has skilled a rise in exercise this 12 months in comparison with 2024, when it comes to...

Next Post
How to Generate Income With a Low Risk Strategy

How to Generate Income With a Low Risk Strategy

Ethereum Classic Rockets Up 34%: Can This Run Continue?

Ethereum Classic Rockets Up 34%: Can This Run Continue?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Mobileye Shares Open Higher In Stock-Market Debut

Mobileye Shares Open Higher In Stock-Market Debut

October 26, 2022
The Golden State Warriors are quietly getting back to form

The Golden State Warriors are quietly getting back to form

November 9, 2023
100% Bonus Depreciation Might Return This 12 months

100% Bonus Depreciation Might Return This 12 months

March 20, 2025
Stephen Curry suffers ankle injury

Stephen Curry suffers ankle injury

March 8, 2024
Amazon (AMZN) ups the ante in the AI race. Is the stock a buy?

Amazon (AMZN) ups the ante in the AI race. Is the stock a buy?

September 26, 2023
Hilary makes landfall over Baja California peninsula, set to pummel US Southwest By Reuters

Hilary makes landfall over Baja California peninsula, set to pummel US Southwest By Reuters

August 20, 2023
Mets retire Keith Hernandez’s No. 17

Mets retire Keith Hernandez’s No. 17

July 10, 2022
What I Wish ‘Oppenheimer’ Had Said

What I Wish ‘Oppenheimer’ Had Said

July 27, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In