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J.B. Hunt (JBHT - Free Report) reported fourth-quarter 2017 earnings per share (excluding $2.44 from non-recurring items) of $1.04, beating the Zacks Consensus Estimate of $1.03. Earnings increased 7.2% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for J.B. Hunt depicted a gloomy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 1.9% downward over the last 90 days.
Moreover, J.B. Hunt has an unimpressive earnings surprise history. Before posting the earnings beat in the fourth-quarter, the company delivered negative surprises in three of the past four quarters. The average earnings miss was 1.7%.
J.B. Hunt Transport Services, Inc. Price and EPS Surprise
J.B. Hunt recorded revenues of $1.99 billion, which surpassed the Zacks Consensus Estimate of $1.93 billion. Also, it increased 16% on a year-over-year basis.
Key Q4 Statistics: During the quarter, the company did not repurchase shares. The company said that $521 million were remaining under its share buyback program as of Dec 31, 2017. Operating income in the fourth quarter decreased 25% to $146 million (on a reported basis). Outstanding debt was $1.09 billion at the end of the quarter.
Check back later for our full write up on this J.B. Hunt earnings report later!
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J.B. Hunt (JBHT) Marginally Beats on Q4 Earnings
J.B. Hunt (JBHT - Free Report) reported fourth-quarter 2017 earnings per share (excluding $2.44 from non-recurring items) of $1.04, beating the Zacks Consensus Estimate of $1.03. Earnings increased 7.2% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for J.B. Hunt depicted a gloomy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 1.9% downward over the last 90 days.
Moreover, J.B. Hunt has an unimpressive earnings surprise history. Before posting the earnings beat in the fourth-quarter, the company delivered negative surprises in three of the past four quarters. The average earnings miss was 1.7%.
J.B. Hunt Transport Services, Inc. Price and EPS Surprise
J.B. Hunt Transport Services, Inc. Price and EPS Surprise | J.B. Hunt Transport Services, Inc. Quote
Revenues Higher Than Expected
J.B. Hunt recorded revenues of $1.99 billion, which surpassed the Zacks Consensus Estimate of $1.93 billion. Also, it increased 16% on a year-over-year basis.
Key Q4 Statistics: During the quarter, the company did not repurchase shares. The company said that $521 million were remaining under its share buyback program as of Dec 31, 2017. Operating income in the fourth quarter decreased 25% to $146 million (on a reported basis). Outstanding debt was $1.09 billion at the end of the quarter.
Zacks Rank: Currently, J.B. Hunt carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this J.B. Hunt earnings report later!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>