J.B. Hunt Earnings Per Share Expected To Rise 2 Cents, Revenue Up 7%

Lowell-based carrier J.B. Hunt Transport Services on Monday (July 15) is expected to report earnings per share to rise 1.5% in the second quarter as analysts lowered expectations in the period for the intermodal segment of the transportation sector.

Earnings per share are expected to be to $1.39 in the second quarter, based on a consensus of 20 analysts. Revenue is expected to rise by 7.1% to $2.29 billion.

In an industry note, analysts Justin Long and Jack Atkins and senior associates Brian Colley and Scott Schoenhaus, all of Little Rock-based Stephens Inc., said the intermodal market in the second quarter of 2019 “faced an incrementally more challenging environment.” They attributed this to softer demand, flooding in the Midwest, the impact from the pull-forward in freight related to tariffs, and a large amount of truckload capacity and more competitive pricing.       MORE

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