JB Hunt Transport Services Inc. Q1 Profit Beats, But Revenue Misses -

JB Hunt Transport Services Inc. Q1 Profit Beats, But Revenue Misses

Apr 17, 2017Jeremy ParkinsonFinance0

Written by StockNews.com

JB Hunt Transport Services Inc. (NASDAQ:JBHT) early Monday posted mixed first quarter earnings results, as its profit numbers topped expectations but its revenues fell slightly short of the analyst consensus.

The Lowell, AR-based trucking and transport giant reported:

Q1 earnings per share (EPS) of $0.92, which was $0.07 better than the Wall Street consensus estimate of $0.85.

Revenues rose 6.6% from last year to $1.63 billion, slightly missing analysts’ view for $1.64 billion.

Intermodal (JBI) load growth rose 2% from the year-ago period.

Dedicated Contract Services (DCS) segment revenue jumped 10%.

Integrated Capacity Solutions (ICS) load growth surged 36% from last year,

and Truck (JBT) segment revenue fell 2%.

Established in 1961, JB Hunt began as a rice hull transporter and quickly grew to a diversified business model that now boasts a major presence in the trucking, logistics, and intermodal containers industries.

Year-to-date, JBHT has declined -7.95%, versus a 4.47% rise in the benchmark S&P 500 index during the same period.

JBHT currently has a StockNews.com POWR Rating of B (Buy), and is ranked #2 of 19 stocks in the Trucking Freight category.