J.B. Hunt Transport Analysts Boost Their Forecasts Following Q2 Results
Portfolio Pulse from Lisa Levin
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) reported Q2 earnings of $1.81 per share, missing market expectations of $1.92 per share. The company's quarterly sales were $3.13 billion, below estimates of $3.31 billion. Despite the downbeat results, the company's shares gained 2.2% in pre-market trading. Analysts from Raymond James, Barclays, and Wells Fargo raised their price targets on J.B. Hunt Transport following the earnings announcement.
July 19, 2023 | 12:54 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
J.B. Hunt Transport missed Q2 earnings and sales estimates but saw its shares rise in pre-market trading. Analysts from Raymond James, Barclays, and Wells Fargo raised their price targets on the company.
Despite missing earnings and sales estimates, J.B. Hunt Transport's stock price rose, indicating that investors may have had lower expectations. The raised price targets from analysts at Raymond James, Barclays, and Wells Fargo suggest a positive outlook for the company, which could further boost the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100