J.B. Hunt Transport Services First Quarter 2024 Earnings: Misses Expectations

J.B. Hunt Transport Services (NASDAQ:JBHT) First Quarter 2024 Results

Key Financial Results

• Revenue: US$2.94b (down 8.8% from 1Q 2023).
• Net income: US$127.5m (down 36% from 1Q 2023).
• Profit margin: 4.3% (down from 6.1% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.23 (down from US$1.91 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

J.B. Hunt Transport Services Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's shares are down 11% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for J.B. Hunt Transport Services that you need to be mindful of.

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