J B Hunt Transport Services (JBHT) reported earnings on Mon 18 Apr 2016 (b/o)

** charts after earnings **

 

JB Hunt Trans beats by $0.03, reports revs in-line; reaffirms FY16 revs guidance  :

• Reports Q1 (Mar) earnings of $0.88 per share, $0.03 better than the Capital IQ Consensus of $0.85; revenues rose 6.1% year/year to $1.53 bln vs the $1.53 bln Capital IQ Consensus. JBI load volumes grew 12% over the same period 2015. Eastern network realized load growth of 13% and Transcontinental loads grew 11% compared to prior year as the west coast port volumes returned to a more normal velocity and rail service significantly improved from a year ago.
• Co reaffirms guidance for FY16, sees FY16 revs of +9-12% YoY to $6.74-6.93 bln vs. $6.65 bln Capital IQ Consensus Estimate; Co also reaffirms FY16 load growth of +8-10%; reaffirms total FY16 CapEx of $537 mln.