JB Hunt Transport Services Inc
JBHT: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$564.00 | Yvxhvq | Srcrbsrp |
J.B. Hunt Earnings: Intermodal Headwinds Remain Stubborn
Narrow-moat J.B. Hunt Transport Services' third-quarter consolidated top line fell 15% year over year excluding fuel, similar to the second-quarter decline, with sales down in all segments. Intermodal revenue was short of our expected run rate, as we anticipated a slight sequential uptick in retail sector inventory restocking that didn't occur. That said, we were expecting overall year-over-year declines to persist across Hunt's intermodal, trucking, and brokerage operations, driven by tough comparisons and incremental demand and pricing normalization.