Wall Street analysts forecast that JB Hunt (JBHT) will report quarterly earnings of $1.16 per share in its upcoming release, pointing to a year-over-year decline of 4.9%. It is anticipated that revenues will amount to $2.94 billion, exhibiting a decline of 0.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 3.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some JB Hunt metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Revenue- Truckload' will reach $173.99 million. The estimate points to a change of -2.4% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Dedicated' of $856.59 million. The estimate indicates a change of -0.4% from the prior-year quarter.
The consensus estimate for 'Revenue- Final Mile Services' stands at $223.06 million. The estimate points to a change of -2.7% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Integrated Capacity Solutions' reaching $283.57 million. The estimate indicates a change of -0.6% from the prior-year quarter.
The consensus among analysts is that 'Intermodal - Loads' will reach 505,145. Compared to the current estimate, the company reported 485,166 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Integrated Capacity Solutions - Revenue per load' should arrive at $1,890.89. Compared to the present estimate, the company reported $1,803 in the same quarter last year.
Analysts forecast 'Intermodal - Revenue per load' to reach $2,802.74. Compared to the current estimate, the company reported $2,876 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Dedicated - Average trucks during the period' should come in at 12,736. Compared to the present estimate, the company reported 13,298 in the same quarter last year.
The combined assessment of analysts suggests that 'Intermodal - Trailing equipment (end of period)' will likely reach 123,062. Compared to the current estimate, the company reported 119,307 in the same quarter of the previous year.
It is projected by analysts that the 'Final Mile Services - Average trucks during the period' will reach 1,372. Compared to the current estimate, the company reported 1,408 in the same quarter of the previous year.
The average prediction of analysts places 'Integrated Capacity Solutions - Loads' at 147,483. Compared to the present estimate, the company reported 158,247 in the same quarter last year.
Analysts expect 'Truckload - Loads' to come in at 96,381. The estimate is in contrast to the year-ago figure of 93,685.
View all Key Company Metrics for JB Hunt here>>>
Shares of JB Hunt have experienced a change of -8.3% in the past month compared to the -5.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), JBHT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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