Earnings Preview: J.B. Hunt

| About: J.B. Hunt (JBHT)

J.B Hunt Transport Services (NASDAQ:JBHT) is expected to report Q2 earnings after market close Tuesday, July 15,  with a conference call after the market close on Tuesday.


Analysts are looking for EPS of 36c on revenue of $925.4M. The consensus range is 33c to 41c for EPS, and $863M to $962.06M for revenue, according to First Call.

Analyst Views

J.B Hunt's Q1 earnings report missed expectations in April, however Robert W Baird retained its Outperform rating for the company due to its intermodal franchise and prospects for early cycle sentiment. The firm stated on July 3, it would use pullbacks to accumulate J.B Hunt given the strong YTD stock appreciation. The firm also noted said the group has more balanced risk/reward at current levels and believes an upside exists with freight recovery.

The company was upgraded to Buy from Neutral at Merrill Lynch in May, based on growth in the intermodal market and TL opportunities.