JB Hunt Transport Services (Nasdaq: JBHT ) reported earnings on April 11. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), JB Hunt Transport Services met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share grew.
Gross margins grew, operating margins dropped, net margins dropped.
JB Hunt Transport Services logged revenue of $1.29 billion. The 21 analysts polled by S&P Capital IQ looked for a top line of $1.29 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $1.17 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.61. The 28 earnings estimates compiled by S&P Capital IQ averaged $0.64 per share. GAAP EPS of $0.61 for Q1 were 7.0% higher than the prior-year quarter's $0.57 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.8%, 10 basis points better than the prior-year quarter. Operating margin was 9.7%, 30 basis points worse than the prior-year quarter. Net margin was 5.7%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.41 billion. On the bottom line, the average EPS estimate is $0.75.
Next year's average estimate for revenue is $5.64 billion. The average EPS estimate is $3.02.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on JB Hunt Transport Services is outperform, with an average price target of $70.42.
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