JB Hunt (JBHT - Free Report) reported $3.16 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 17.6%. EPS of $1.80 for the same period compares to $2.57 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.22 billion, representing a surprise of -1.87%. The company delivered an EPS surprise of -2.70%, with the consensus EPS estimate being $1.85.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how JB Hunt performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue per load - Integrated Capacity Solutions: $1,820 compared to the $1,887.70 average estimate based on three analysts.
- Revenue per load - Intermodal: $2,984 compared to the $3,019.40 average estimate based on three analysts.
- Loads - Integrated Capacity Solution: 163,745 versus the three-analyst average estimate of 219,060.
- Average trucks - Dedicated: 13,242 versus 13,583 estimated by three analysts on average.
- Revenue- Final Mile Services: $225.93 million compared to the $229.66 million average estimate based on four analysts. The reported number represents a change of -9.4% year over year.
- Revenue- Intersegment eliminations: -$4.17 million versus -$6.07 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -33.4% change.
- Revenue- Truckload: $196.34 million versus the four-analyst average estimate of $197.04 million. The reported number represents a year-over-year change of -28.2%.
- Revenue- Integrated Capacity Solutions: $298.02 million compared to the $412.86 million average estimate based on four analysts. The reported number represents a change of -49.6% year over year.
- Revenue- Intermodal: $1.56 billion versus the four-analyst average estimate of $1.54 billion. The reported number represents a year-over-year change of -15.3%.
- Revenue- Dedicated: $892.26 million compared to the $907.12 million average estimate based on four analysts. The reported number represents a change of -0.2% year over year.
- Fuel surcharge revenues: $472.86 million compared to the $499.78 million average estimate based on three analysts. The reported number represents a change of -30.1% year over year.
- Operating revenues, excluding fuel surcharge revenues: $2.69 billion versus $2.76 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.9% change.
View all Key Company Metrics for JB Hunt here>>>Shares of JB Hunt have returned +1.3% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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JB Hunt (JBHT - Free Report) reported $3.16 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 17.6%. EPS of $1.80 for the same period compares to $2.57 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.22 billion, representing a surprise of -1.87%. The company delivered an EPS surprise of -2.70%, with the consensus EPS estimate being $1.85.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how JB Hunt performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue per load - Integrated Capacity Solutions: $1,820 compared to the $1,887.70 average estimate based on three analysts.
- Revenue per load - Intermodal: $2,984 compared to the $3,019.40 average estimate based on three analysts.
- Loads - Integrated Capacity Solution: 163,745 versus the three-analyst average estimate of 219,060.
- Average trucks - Dedicated: 13,242 versus 13,583 estimated by three analysts on average.
- Revenue- Final Mile Services: $225.93 million compared to the $229.66 million average estimate based on four analysts. The reported number represents a change of -9.4% year over year.
- Revenue- Intersegment eliminations: -$4.17 million versus -$6.07 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -33.4% change.
- Revenue- Truckload: $196.34 million versus the four-analyst average estimate of $197.04 million. The reported number represents a year-over-year change of -28.2%.
- Revenue- Integrated Capacity Solutions: $298.02 million compared to the $412.86 million average estimate based on four analysts. The reported number represents a change of -49.6% year over year.
- Revenue- Intermodal: $1.56 billion versus the four-analyst average estimate of $1.54 billion. The reported number represents a year-over-year change of -15.3%.
- Revenue- Dedicated: $892.26 million compared to the $907.12 million average estimate based on four analysts. The reported number represents a change of -0.2% year over year.
- Fuel surcharge revenues: $472.86 million compared to the $499.78 million average estimate based on three analysts. The reported number represents a change of -30.1% year over year.
- Operating revenues, excluding fuel surcharge revenues: $2.69 billion versus $2.76 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.9% change.
View all Key Company Metrics for JB Hunt here>>>Shares of JB Hunt have returned +1.3% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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