The upcoming report from JB Hunt (JBHT) is expected to reveal quarterly earnings of $1.81 per share, indicating an increase of 2.8% compared to the year-ago period. Analysts forecast revenues of $3.55 billion, representing an increase of 16.4% year over year.
Over the last 30 days, there has been a downward revision of 6.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain JB Hunt metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Revenue- Truckload' to reach $239.93 million. The estimate indicates a change of +26.5% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Dedicated' reaching $948.04 million. The estimate indicates a change of +9.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Final Mile Services' should come in at $200.36 million. The estimate indicates a year-over-year change of -3%.
The consensus among analysts is that 'Revenue- Integrated Capacity Solutions' will reach $375.86 million. The estimate indicates a change of +36% from the prior-year quarter.
Analysts predict that the 'Final Mile Services - Average trucks during the period' will reach 1,230 . Compared to the current estimate, the company reported 1,296 in the same quarter of the previous year.
It is projected by analysts that the 'Integrated Capacity Solutions - Revenue per load' will reach $2399.14 . The estimate is in contrast to the year-ago figure of $2042.00 .
Analysts expect 'Intermodal - Revenue per load' to come in at $3008.79 . Compared to the present estimate, the company reported $2816.00 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Integrated Capacity Solutions - Loads' of 153,076 . The estimate compares to the year-ago value of 135,309 .
Based on the collective assessment of analysts, 'Intermodal - Loads' should arrive at 578,099 . The estimate compares to the year-ago value of 539,907 .
The consensus estimate for 'Intermodal - Trailing equipment (end of period)' stands at 125,127 . The estimate compares to the year-ago value of 125,105 .
The combined assessment of analysts suggests that 'Dedicated - Average trucks during the period' will likely reach 12,860 . Compared to the current estimate, the company reported 12,718 in the same quarter of the previous year.
The average prediction of analysts places 'Dedicated - Trucks (end of period)' at 12,975 . The estimate compares to the year-ago value of 12,702 .
View all Key Company Metrics for JB Hunt here>>>Shares of JB Hunt have experienced a change of -15.2% in the past month compared to the +2.4% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), JBHT is expected to underperform the overall market 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 Report
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