Transportation giant J.B Hunt missed earnings again on both its top and bottom line numbers.
J.B. Hunt posted earnings of $1.32 per share compared to an estimated $1.51 per share. For four straight quarters, they have not been able to beat any estimates.
J.B. Hunt posted revenues of $2.93 billion compared to $3.13 billion a year ago. The stock has lost 15.1% value since the beginning of the year.
One thing is clear. The soft freight market is hurting everyone from giants like J.B. Hunt down to owner ops.
I am not a financial advisor and this is not investment advice. But if you think the freight market is poised to turn around in the next year, this could be a good buying opportunity for the stock.
