PREVIEW: JB Hunt seen hauling in 46% earnings jump, shares rise

Marten Transport

19/07/2022 17:41

** Shares of JB Hunt Transport Services Inc  JBHT.O  rise
3.0% to $173.20 ahead of qtrly results expected after the bell 
    ** Freight and logistics co seen posting adj Q2 EPS of
$2.35, up 45.8% from year-ago qtr on rev of $3.60 bln, a 23.7%
y/y increase, according to Refinitiv data
    ** Co has beaten EPS consensus in seven of eight most recent
qtrs, per Refinitiv
    ** Transports and logistics are closely watched links in the
supply chain, which has struggled to keep up with post-pandemic
demand boom and helped fuel decades-high inflation
    ** On Mon, trucking go Marten Transport  MRTN.O  beat
estimates, posted annual Q2 rev jump of 41.8%  urn:newsml:reuters.com:*:nL4N2YZ2YG
    ** Other transport companies due to report this week include
intermodal logistics co CSX Corp  CSX.O  and rail operator Union
Pacific Corp  UNP.N 
    ** Of 27 analysts covering JBHT, 17 rate stock "buy" or
stronger, remaining 10 recommend "hold"; median PT of $195
implies 12.7% premium over current share price
    ** So far this year JBHT shares are down >15% compared with
Nasdaq's >25% drop and the Dow Transports'  .DJT  >17% slide
over the same time period

 (Reporting by Stephen Culp)
 ((stephen.culp@thomsonreuters.com; 646-223-6076;))