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BUZZ-J.B. Hunt slips after missing Q4 profit expectations

ReutersJan 17, 2025 6:24 PM

Updates

U.S. trucking co J.B. Hunt Transport Services' JBHT.O shares down 6.4% at $174.32

JBHT misses Q4 profit estimates, hurt by high expenses and lower truck count

Post results, at least six brokerages cut PTs on JBHT stock

J.P. Morgan cuts PT to $200 from $205

"We expect JBHT will underperform and set a cautious tone for the rest of the sector," J.P. Morgan says

Co reports Q4 revenue of $3.15 bln, down 5%, roughly in-line with analysts' average estimates - data compiled by LSEG

Sixteen of 24 brokerages rate stock "buy" or higher, seven "hold" and one "sell"; median PT is $189.50

As of last close, stock up ~9% YTD after falling ~15% in 2024

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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