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JB Hunt Transport Services Increases Sales but Misses Estimates on Earnings

By Seth Jayson - Updated Apr 10, 2017 at 1:51PM

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Just the facts, Fool.

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.

Revenue details
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 details
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.

Margin details
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.)

Looking ahead
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.

Investor sentiment

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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Stocks Mentioned

J.B. Hunt Transport Services, Inc. Stock Quote
J.B. Hunt Transport Services, Inc.
JBHT
$164.38 (2.34%) $3.76

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