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JBHT's third-quarter 2024 revenues are hurt by weakness across the majority of its segments.
Strong third-quarter earnings from the logistics firm represent the “end of the estimate-revision era,” wrote J.P. Morgan analyst Brian Ossenbeck.
Shares in JBHT moved higher following a better than expected Q3. The transportation bellwether reported declining revenues but the declines were better-than-feared. Positive volume trends and more normalized seasonal demand provided a tailwind to results, while pricing remained a headwind.
Although the revenue and EPS for JB Hunt (JBHT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
While the Dow and S&P 500 rolled back closing highs, United (UAL) and J.B. Hunt (JBHT) are up on strong Q3 figures.
JB Hunt (JBHT) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.80 per share a year ago.
LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) announced third quarter 2024 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $152.1 million, or diluted earnings per share of $1.49 versus third quarter 2023 net earnings of $187.4 million, or $1.80 per diluted share. Total operating revenue for the current quarter was $3.07 billion, a decrease of 3% compared with $3.16 billion for the third quarter 2023. The decline in revenue w.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for JB Hunt (JBHT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
BENTONVILLE, Ark.--(BUSINESS WIRE)--At the UP.Summit, J.B. Hunt Transport Inc., one of the largest supply chain solutions providers in North America, and UP.Labs, a first-of-its-kind venture lab unlocking the future of transportation and mobility, announced their establishment of the Logistics Venture Lab (LVL). The logistics and freight-focused lab will aim to launch as many as six startups over the next three years to solve core strategic challenges within the industry. The startups, the firs.