J.B. Hunt (JBHT) To Report Q3 Earnings: A Beat In The Cards?
Zacks Investment Research | Oct 09, 2019 10:12PM ET
J.B. Hunt Transport Services Inc. (NASDAQ:JBHT) is slated to report third-quarter 2019 results on Oct 15, after the market closes.
Last reported quarter, the company delivered a positive earnings surprise of 1.5%. Although total revenues increased year over year, the top line fell short of the Zacks Consensus Estimate. Strong performance by the Dedicated Contract Services (DCS) segment aided results.
Let’s see how things are shape up for this reporting cycle.
Why a Likely Positive Surprise?
The proven Zacks model shows that J.B. Hunt is again likely to beat on earnings in the third quarter on the back of a perfect combination of the following two key ingredients:
Earnings ESP: J.B. Hunt has an Earnings ESP Filter .
Zacks Rank: J.B. Hunt currently carries a Zacks Rank #3 (Hold). Notably, stocks with a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 when combined with a positive ESP have significantly higher chances of beating estimates.
Conversely, the Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
J.B. Hunt Transport Services, Inc. Price and EPS Surprise
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