JB Hunt (JBHT, $167.89) beats Q3 expectations
J.B. Hunt reported third quarter earnings of $2.57 per share, beating analysts’ expectations of $2.45 per share. Revenue rose by +22.1% year-over-year to $3.83 billion, also exceeding the Street forecast of $3.8 billion.
The current consensus EPS estimate is $2.44 on $3.81 billion in revenues for the coming quarter and $9.62 on $14.96 billion in revenues for the current fiscal year (according to Zacks Equity Research report).
JBHT saw its Stochastic Oscillator peaks and leaves the overbought zone
The Stochastic Oscillator for JBHT moved out of overbought territory on September 21, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 69 similar instances where the indicator exited the overbought zone. In of the 69 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
JBHT moved below its 50-day moving average on September 19, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for JBHT crossed bearishly below the 50-day moving average on August 29, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JBHT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
JBHT broke above its upper Bollinger Band on September 15, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for JBHT entered a downward trend on September 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where JBHT's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on September 13, 2023. You may want to consider a long position or call options on JBHT as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for JBHT just turned positive on September 14, 2023. Looking at past instances where JBHT's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JBHT advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. JBHT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.018) is normal, around the industry mean (17.403). P/E Ratio (23.202) is within average values for comparable stocks, (22.975). Projected Growth (PEG Ratio) (4.052) is also within normal values, averaging (10.370). Dividend Yield (0.009) settles around the average of (0.043) among similar stocks. P/S Ratio (1.437) is also within normal values, averaging (1.168).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operater of surface transportation, delivery and logistics company
Industry AirFreightCouriers
JBHT and
Correlation & Price change
A.I.dvisor indicates that over the last year, JBHT has been closely correlated with UPS. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if JBHT jumps, then UPS could also see price increases.
| Ticker / NAME | Correlation To JBHT | 1D Price Change % | ||
|---|---|---|---|---|
| JBHT | 100% | -0.25% | ||
| UPS - JBHT | 72% Closely correlated | -1.06% | ||
| EXPD - JBHT | 71% Closely correlated | +0.81% | ||
| LSTR - JBHT | 70% Closely correlated | -0.06% | ||
| HUBG - JBHT | 70% Closely correlated | -0.70% | ||
| CHRW - JBHT | 69% Closely correlated | -0.95% | ||
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