Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) dropped more than 8% intra-day today after the company reported first-quarter earnings and revenue that fell short of analysts’ expectations.
The transportation and logistics company recorded earnings per share (EPS) of $1.22, which did not meet the anticipated $1.52. Its revenue for the quarter was also below expectations at $2.94 billion, compared to the forecasted $3.12 billion.
The earnings before interest and taxes (EBIT) for the quarter stood at $194.4 million with a margin of 6.6%, which was lower than the expected $225.1 million at a 7.2% margin.
Analysts from BMO Capital Markets expressed concerns, noting that the first quarter might represent a low point but cautioned that visibility remains limited and near-term challenges may continue, potentially putting further pressure on the stock.
At CWEB, we are always looking to expand our network of strategic investors and partners. If you're interested in exploring investment opportunities or discussing potential partnerships and serious inquiries. Contact: jacque@cweb.com