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J.B. Hunt (JBHT - Free Report) reported second-quarter 2018 earnings per share of $1.37, beating the Zacks Consensus Estimate of $1.28.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for J.B. Hunt depicted a healthy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised 0.8% upward over the last 60 days.
However, J.B. Hunt has an unimpressive earnings surprise history. The company has surpassed the Zacks Consensus Estimate in only one of the last four quarters with an average miss of 2.6%.
J.B. Hunt Transport Services, Inc. Price and EPS Surprise
J.B. Hunt recorded revenues of $2,139.03 million, which surpassed the Zacks Consensus Estimate of $2,045.1 million.
Key Q1 Statistics: During the quarter, the company repurchased 420,000 shares for approximately $50 million. As on Jun 30, 2018, the company had around $471 million remaining under its share buyback program. Operating income in the second quarter increased 31% to $214.8 million (on a reported basis). Outstanding debt was $1 billion at the end of the quarter.
Stock Price: The earnings and revenues beat pleased the investors. Consequently shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this J.B. Hunt earnings report later!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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J.B. Hunt (JBHT) Beats on Q2 Earnings
J.B. Hunt (JBHT - Free Report) reported second-quarter 2018 earnings per share of $1.37, beating the Zacks Consensus Estimate of $1.28.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for J.B. Hunt depicted a healthy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised 0.8% upward over the last 60 days.
However, J.B. Hunt has an unimpressive earnings surprise history. The company has surpassed the Zacks Consensus Estimate in only one of the last four quarters with an average miss of 2.6%.
J.B. Hunt Transport Services, Inc. Price and EPS Surprise
J.B. Hunt Transport Services, Inc. Price and EPS Surprise | J.B. Hunt Transport Services, Inc. Quote
Revenues Higher Than Expected
J.B. Hunt recorded revenues of $2,139.03 million, which surpassed the Zacks Consensus Estimate of $2,045.1 million.
Key Q1 Statistics: During the quarter, the company repurchased 420,000 shares for approximately $50 million. As on Jun 30, 2018, the company had around $471 million remaining under its share buyback program. Operating income in the second quarter increased 31% to $214.8 million (on a reported basis). Outstanding debt was $1 billion at the end of the quarter.
Zacks Rank: Currently, J.B. Hunt carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Price: The earnings and revenues beat pleased the investors. Consequently shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this J.B. Hunt earnings report later!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>