J.B. Hunt Transport (JBHT) reported earnings on Tue 15 Oct 2019 (a/h)

• Oct. 10: #29; $107;  vol. 592K   +8%
• Oct. 15: (just before earnings) #29 and 30; $111; vol. 1.4M   +4%

** charts after earnings **

 

J.B. Hunt Transport misses by $0.05, reports revs in-line

Reports Q3 (Sep) earnings of $1.40 per share, $0.05 worse than the S&P Capital IQ Consensus of $1.45; revenues rose 6.9% year/year to $2.36 bln vs the $2.34 bln S&P Capital IQ Consensus. Revenue per load increase of 2% in Intermodal (JBI), a 13% increase in revenue producing trucks and an increase of 9% in asset productivity in Dedicated Contract Services (DCS) were partially offset by a 4% decrease in load count in Integrated Capacity Solutions (ICS) and a 5% decrease in rates per loaded mile in Truck (JBT). Current quarter total operating revenue, excluding fuel surcharges, increased 9% vs. the comparable quarter 2018. Intermodal volumes were flat

Adj. operating income decreased 1% from third quarter 2018 primarily from higher building rental for Final Mile Services network expansion, lower gross margins in ICS, increases in driver wages and recruiting costs, increased rail purchase transportation rates, and increased technology spend on new applications and legacy operating systems.