These Analysts Revise Their Forecasts On J.B. Hunt After Q3 Results
Portfolio Pulse from Lisa Levin
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) reported weaker-than-expected Q3 sales of $3.16 billion, a 17.59% decrease YoY, and earnings of $1.80 per share, a 29.96% decrease YoY. Following the announcement, the company's shares fell 8%. Analysts from BMO Capital, Raymond James, and Susquehanna revised their price targets on J.B. Hunt.
October 18, 2023 | 2:59 pm
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J.B. Hunt's weaker-than-expected Q3 results and subsequent share price drop may impact investor confidence. Analysts' revised price targets could influence the stock's short-term performance.
J.B. Hunt's Q3 results were weaker than expected, which led to a decrease in its share price. This could negatively impact investor confidence in the short term. Additionally, the revised price targets from analysts could influence the stock's performance in the near future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100