JBHT - These Analysts Cut Their Forecasts On J.B. Hunt Following Downbeat Earnings | Benzinga
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) reported downbeat first-quarter 2024 results on Tuesday.
Operating revenue fell 9% Y/Y to $2.94 billion, missing the consensus of $3.12 billion. EPS of $1.22 missed the consensus of $1.52, according to data from Benzinga Pro.
The decline in revenue was due to a 9% decrease in segment gross revenue per load in both Intermodal (JBI) and Truckload (JBT), 22% fewer loads in Integrated Capacity Solutions (ICS), and a modest decline in average trucks and productivity in Dedicated Contract Services ...