3 Top Takeaways from J.B. Hunt's Outstanding Q3
Living up to the upbeat catchphrase to "keep on trucking," J.B. Hunt Transport Services (NASDAQ: JBHT) saw its stock value jump following a positive third quarter (Q3) report on Oct. 15. The trucking company's revenue and earnings both stepped on the gas as its revenue per load grew during the 2021 shipping and transport squeeze. While its share price is up 16% for the month as of late October, and more than 43% for the year, there are still a few warning notes for investors amid a generally bright and bullish picture.
J.B. Hunt didn't just deliver millions of loads of products across the country during Q3 -- it also had a significant performance upside over 2020. Its revenue of $3.14 billion shot up 27% year over year, while at the bottom line, earnings per share (EPS) soared 59.3% from $1.18 to $1.88. Operating income surged 52% year over year, though it would have been higher absent increased third-party rates and higher wage expenditure on drivers because of the current trucker shortage, discussed more below.
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Source Fool.com
