J.B. Hunt Transport Services
The 10-second takeaway
For the quarter ended March 31 (Q1), J.B. Hunt Transport Services beat expectations on both revenue and earnings per share.
Compared to the prior-year quarter, both revenue and GAAP earnings per share expanded significantly.
Margins improved across the board.
J.B. Hunt Transport Services reported revenue of $1.17 billion. The 19 analysts polled by S&P Capital IQ expected revenue of $1.15 billion on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $1 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 $0.57. The 25 earnings estimates compiled by S&P Capital IQ predicted $0.51 per share. GAAP EPS of $0.57 for Q1 were 43% higher than the prior-year quarter's $0.40 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 16.7%, 30 basis points better than the prior-year quarter. Operating margin was 10%, 100 basis points better than the prior-year quarter. Net margin was 5.8%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.3 billion. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $5.13 billion. The average EPS estimate is $2.58.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 147 members rating the stock outperform and 49 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give J.B. Hunt Transport Services a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on J.B. Hunt Transport Services is outperform, with an average price target of $54.24.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.