JB Hunt: Q1 Earnings Snapshot
- J.B. Hunt Transport Services released its first quarter earnings on Tuesday, revealing mixed results.
- Analysts attribute the results to a challenging freight recession that has persisted since 2023.
- The company reported $1.17 earnings per share, slightly missing the consensus estimate of $1.19, with revenue down 1% to $2.92 billion.
- CEO Shelley Simpson noted the challenging environment, stating, "I think everyone's holding on" during the earnings call.
- Following the report release, J.B. Hunt's stock experienced a decline, signaling continued concerns about the freight market.
12 Articles
12 Articles
JB Hunt: Q1 Earnings Snapshot
LOWELL, Ark. (AP) — JB Hunt Transport Services Inc. (JBHT) on Tuesday reported first-quarter earnings of $117.7 million. The Lowell, Arkansas-based company said it had a profit of $1.17 per share. The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share. The trucking and logistics company posted revenue of $2.92 billion in the period, which met…
The US freight recession is showing no signs of relenting
DangApricot / WikimediaShares of J.B. Hunt slid as much as 9% on Wednesday after a mixed earnings report.Its first-quarter results suggested that trucking demand remains weak.Tariffs are expected to add to the industry downturn.Shares of a leading trucking firm are tanking after its first-quarter earnings results signaled no end to the freight recession.J.B. Hunt's stock dropped as much as 9% on Wednesday after the firm reported an 8% decrease i…
J.B. Hunt sees strong quarterly intermodal growth but faces tariff-driven uncertainty
A BNSF Railway domestic intermodal train with a long block of J.B. Hunt containers departs Winslow, Ariz., in August 2022 while another BNSF train switches in the yard. Bill Stephens LOWELL, Ark. – J.B. Hunt executives say their intermodal crystal ball is cloudy amid the uncertainty created by U.S. trade policy. Executives from the largest domestic intermodal operator, speaking on the company’s Tuesday evening earnings call, said customers are f…
Trucking company J.B. Hunt says customers are ‘waiting for the dust to settle’ on tariffs
Trucking and logistics provider J.B. Hunt Transport Services Inc. on Tuesday said that its customers are still trying to figure out how to adapt to new tariff-related stresses, and said it had lost some business to rivals offering lower shipping prices. Article Attribution | Read More at Article Source The post Trucking company J.B. Hunt says customers are ‘waiting for the dust to settle’ on tariffs appeared first on RocketNews.
Coverage Details
Bias Distribution
- 71% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage