PREVIEW: JB Hunt shares lose ground ahead of report

Landstar System

18/04/2022 17:51

** Shares in JB Hunt Transport Services  JBHT.O  down 1.2% on
Monday ahead of quarterly report expected out after market close
    ** Wall St expects co to report adj EPS of $1.94 vs $1.37
year-ago on revenue of $3.29 bln, which would be 25.5% above
year-ago quarter, according to Refinitiv 
    ** Co, which provides beat consensus revenue view in last
eight quarters while EPS misses estimates once, in Q3 2021
    ** Among 25 analysts covering JBHT, six rate it 'strong
buy', eight rate it 'buy' while 11 recommend hold the stock.
Median analyst price target of $213 compares with Monday's
$169.87 trading price
    ** YTD JBHT down ~17% vs Dow Transports index  .DJT  ~11%
drop in same timeframe. The DJT was outperforming the stock on
Monday but underperforming the broader market, down 0.8% 
    ** Other transport companies also down more than 1% include
Landstar Systems  LSTR.O , due to report Weds,  Fedex  FDX.N 
and Union Pacific  UNP.N , due to report results Thursday
    ** Marten Transport  MRTN.O  and Knight-Swift Transportation
 KNX.N , also scheduled to report results this week 

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com;))