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 sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for JBHT moved below the 200-day moving average on April 26, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on JBHT as a result. In of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for JBHT turned negative on May 16, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .
JBHT moved below its 50-day moving average on May 16, 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 May 24, 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 .
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where JBHT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 303 cases, the price rose further within the following month. The odds of a continued upward trend are .
JBHT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 258 cases where JBHT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend 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 74, placing this stock better than average.
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. JBHT’s price grows at a lower 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 consistent 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 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 (4.675) is normal, around the industry mean (39.590). P/E Ratio (19.455) is within average values for comparable stocks, (29.203). Projected Growth (PEG Ratio) (2.918) is also within normal values, averaging (11.778). Dividend Yield (0.010) settles around the average of (0.045) among similar stocks. P/S Ratio (1.235) is also within normal values, averaging (1.201).
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 LSTR. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if JBHT jumps, then LSTR could also see price increases.
| Ticker / NAME | Correlation To JBHT | 1D Price Change % | ||
|---|---|---|---|---|
| JBHT | 100% | +0.58% | ||
| LSTR - JBHT | 74% Closely correlated | +1.35% | ||
| HUBG - JBHT | 73% Closely correlated | +0.86% | ||
| UPS - JBHT | 72% Closely correlated | -1.05% | ||
| EXPD - JBHT | 71% Closely correlated | -0.35% | ||
| XPO - JBHT | 68% Closely correlated | +0.29% | ||
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