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.

Earnings this week : Oct 14 - 18, 19 (wk 42)

Monday (October 14)

• None

COLUMBUS DAY: In honor of the holiday, US bond markets and the Federal Reserve Bank will be closed on Monday, October 14, 2019. Stock, options, and futures markets will be open.

Tuesday (Oct 15)

• Morning: APHA BLK C FRC GS JNJ JPM OMC PLD SCHW UNH WFC WIT
• Afternoon: HWC JBHT PNFP SNBR UAL

Wednesday (Oct 16)

• Morning: ABT  ALLY ASML BAC BK CBSH CMA FHN PGR PNC USB
• Afternoon: AA CATY CCI CCK CNS CSX EGBN IBM KMI LLNW NFLX SLG STLD TBK TCBI UMPQ URI WTFC

Thursday (Oct 17)

• Morning: BBT BMI DOV ERIC EWBC FNB GPC GTLS HOMB HON HTLD IIIN KEY MS MTB PM POOL PPG SASR SNA SON STI TSM TXT UNP WNS
• Afternoon: BDN ETFC EXPO FFBC ISRG MRTN OZK PBCT TEAM WAL WDFC

Friday (Oct 18) 

• Morning: ABCB AXP CFG GNTX IBKC KO KSU MAN SLB STT SXT SYF

Notable earnings reports:

• JPMorgan (JPM), Johnson & Johnson (NYSE:JNJ), UnitedHealth Group (NYSE:UNH), Goldman Sachs (NYSE:GS), Wells Fargo (WFC), Citigroup (C), United Continental (NASDAQ:UAL), Charles Schwab (NYSE:SCHW) and BlackRock (NYSE:BLK) on October 15; 
• Netflix (NASDAQ:NFLX), IBM (NYSE:IBM), Bank of America (NYSE:BAC), Kinder Morgan (NYSE:KMI) and Abbott Laboratories (NYSE:ABT) on October 16; 
• Philip Morris International (NYSE:PM), Morgan Stanley (NYSE:MS) and Union Pacific (NYSE:UNP) on October 17; Coca-Cola (NYSE:KO), American Express (NYSE:AXP), State Street (NYSE:STT) and Gentex (NASDAQ:GNTX) on October 18.

J.B. Hunt Transport Services (JBHT) reported earnings on Mon 16 July 2018 (b/o)

** charts before earnings **

 

** charts after earnings **

 

JB Hunt Trans beats by $0.09, beats on revs 

• Reports Q2 (Jun) earnings of $1.37 per share, $0.09 better than the Capital IQ Consensus of $1.28; revenues rose 23.9% year/year to $2.14 bln vs the $2.05 bln Capital IQ Consensus.
• Current quarter total operating revenue, excluding fuel surcharges, increased 21% vs. the comparable quarter 2017.
• An increase in revenue per load of 12% and load growth of 4% in Intermodal, a 17% increase in revenue producing trucks and a 10% increase in truck productivity in Dedicated Contract Services, a 38% increase in volume and a 13% increase in revenue per load in Integrated Capacity Solutions, and a 14% increase in rates per loaded mile in Truck contributed to the increase in consolidated revenue compared to prior year.

Earnings this week : July 16 - 20, 18 (wk 29)

Earnings expected this week

Monday (July 16)

• Morning: BAC, BLK, JBHT
• Afternoon: NFLX

Tuesday (July 17)

• Morning: UNH, JNJ, GS, PGR, OMC, SCHW, CMA, PLD, FHN, NSM, NEOG
• Afternoon: UAL, CSX, FNF, IBKR, WTFC, HWC, MLNX, PNFP, FULT, MRTN, HOPE, RNST, ADTN, LTXB

Wednesday (July 18)

• Morning: ERIC, NVS, MS, ABT, USB, TXT, GWW, ASML, NTRS, MTB, OACW, MTG, WAFD
• Afternoon: IBM, AXP, AA, KMI, CCK, EBAY, URI, CP, CCI, UFPI, PLXS, PTC, UMPQ, LHO, TCBI, SLG, BXS, RECN, CATY, NDLS, BMI, CNS, CVBF, EGBN, TBK, DWCH

Thursday (July 19)

• Morning: ABB, ADS, BBT, BX, BK, GTLS, DHR, DPZ, DOV, EWBC, FITB, GATX, GPC, HOMB, IIIN, KEY, NUE, PM, POOL, PPG, RCI, RPM, SASR, SAP, SCHL, SBNY, SNA, SON, TSM, TTS, TRV, UNP, WBC, WBS, WNS
• Afternoon: MSFT, COF, CE, CTAS, SKX, SWKS, ISRG, ETFC, SEIC, PBCT, ASB, NWE, WAL, MBFI, FFBC, BDN, FFIN, EXPO, EGP, LLNW

Friday (July 20)

• Morning: GE, HON, SLB, MAN, BHGE, SWK, STT, STI, CFG, RF, KSU, CLF, GNTX, IBKC, SXT, VFC

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

** charts before earnings **

 

** charts after earnings **

• 4 days later

JB Hunt Trans misses by $0.05, reports revs in-line; lowers FY16 revenue, operating income guidance

• Reports Q2 (Jun) earnings of $0.92 per share, excluding non-recurring items, $0.05 worse than the Capital IQ Consensus of $0.97; revenues rose 5.2% year/year to $1.62 bln vs the $1.62 bln Capital IQ Consensus.
  • Load growth of 9% in Intermodal and 62% in Integrated Capacity Solutions, a 5% increase in revenue producing trucks in Dedicated Contract Services and an 11% increase in average fleet count in our Truck business segment, contributed to the increase in consolidated revenue compared to prior year. 
  • Operating income for the current quarter totaled $176 million versus $174 million for the second quarter 2015. The benefits of volume growth, increases in revenue producing truck counts and higher equipment utilization, were substantially offset by increases in rail purchased transportation costs, higher driver wages and recruiting costs and increased equipment ownership costs.
• Co issues downside guidance for FY16, lowers FY16 revs to +7% to $6.62 bln (from +9-12%), excluding non-recurring items, vs. $6.56 bln Capital IQ Consensus; lowers operating income to +5% from +8-11%.

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.

JBHT — is it a buy?

• Nov 9:  Is JBHT a buy?

• 2 weeks later:  NO