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Will J.B. Hunt Transport Services Deliver on Its 2Q17 Earnings?

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Will J.B. Hunt Transport Services Deliver on Its 2Q17 Earnings? PART 1 OF 5

Looking at J.B. Hunt Transport Stock before Its 2Q17 Earnings

J.B. Hunt Transport’s 2Q17 earnings

J.B. Hunt Transport Services (JBHT), an industry leader, is expected to announce its 2Q17 earnings on the morning of July 17, 2017. JBHT operates in North America and covers most verticals in the trucking industry.

JBHT stock closed at $92.70 per share on July 10, 2017. This is 6.8% higher than its 50-day moving average of $86.90.

Looking at J.B. Hunt Transport Stock before Its 2Q17 Earnings

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J.B. Hunt Transport stock

In 1H17, less-than-truckload (or LTL) pricing improved, while full truckload pricing lagged with respect to a rate increase. J.B. Hunt Transport is predominantly a full truckload carrier. Truckload carriers have been hit by recent excess truck capacity.

Although JBHT’s earnings are under pressure, its revenue growth has been steady. JBHT’s largest operating segment, Intermodal (or JBI), has business transactions with five out of seven US Class I railroads. Since January 1, 2017, JBHT has returned -4.5% to investors. Let’s take a look at its peer group’s returns during the same timeframe.

  • Rider System (R): -0.6%
  • Swift Transportation (SWFT): 6.3%
  • Werner Enterprises (WERN): 8%
  • Knight Transportation (KNX): 9.1%

The iShares Dow Jones Transportation Average ETF (IYT), which has substantial holdings in trucking companies, has returned ~7% since the beginning of 2017.

Series overview

In this pre-earnings series for J.B. Hunt Transport Services, we’ll go through the company’s guidance for 2017 and beyond. We’ll turn to Wall Street analysts for their projections on the company’s revenues and margins.

We’ll look at analysts’ recommendations on JBHT stock ahead of its 2Q17 earnings, and we’ll compare JBHT’s valuation with its peer group.

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