J.B. Hunt Transport Likely To Report Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is expected to report lower Q2 earnings at $1.92 per share, down from $2.42 per share a year ago. The company's revenue is projected to be $3.31 billion. The company's shares rose 0.1% to close at $183.38 on Monday. Several analysts have recently adjusted their price targets for the company, with most seeing an upside of 6-9% in the stock.
July 18, 2023 | 1:00 pm
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NEUTRAL IMPACT
J.B. Hunt is expected to report lower Q2 earnings. Analysts have adjusted their price targets, with most seeing an upside of 6-9% in the stock.
The news of expected lower Q2 earnings could potentially have a negative impact on the stock. However, the recent adjustments in price targets by analysts, most of whom see a 6-9% upside in the stock, could balance out the potential negative impact. Therefore, the short-term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100