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J.B. Hunt (JBHT) Misses on Q4 Earnings

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J.B. Hunt Transport Services Inc. (JBHT - Free Report) , headquartered in Lowell, Arkansas, is a leading provider of surface transportation and delivery services in the continental United States, Canada, and Mexico.

The Intermodal and DCS segments should drive growth at the company going forward. J.B. Hunt is also set to benefit from the resurgence in trade given its attractive asset-light (or even non-asset) models that produce the most attractive returns on invested capital in the industry.

J.B. Hunt has a mixed track record with respect to earnings. The company has delivered positive earnings surprises in two of the last four quarters, with an average miss of 1.14%.

Zacks Rank: Currently, J.B. Hunt has a Zacks Rank #3 (Hold), but that could definitely change following J.B. Hunt‘s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: J.B. Hunt ‘s fourth quarter 2016 earnings of 97 cents per share (excluding a one-time tax benefit) missed the Zacks Consensus Estimate of $1. You can see the complete list of today’s Zacks #1 Rank stocks here.

 

Revenue: Total operating revenues increased 6% year over year to $1.72 billion and were ahead of the Zacks Consensus Estimate of$1.71 billion.

Key Stats : During the quarter, the company repurchased approximately 880,000 shares for $75 million. Operating income in the fourth quarter increased marginally to $194 million. Higher revenues in the Intermodal (JBI), Dedicated Contract Services (DCS) and Integrated Capacity Solutions (ICS) segments contributed to the increase in operating income in the quarter.

Check back later for our full write up on this J.B. Hunt earnings report later!

 

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