In the first quarter of 2022, J.B. Hunt Transport Services, Inc. achieved a significant revenue increase of 33.3%, totaling $3.49 billion, and reported earnings per share of $2.29, exceeding analysts' expectations. This notable performance, highlighted by a 67.2% year-over-year growth in net income, resulted in a 1.1% share price gain in after-market trading. With $144.53 million in cash equivalents and an ongoing share repurchase program, analysts project continued growth with a 21.9% expected earnings increase for the year.
“J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) · revenue · $3.49 billion · 33.3 percent increase”
“J.B. Hunt · reported first-quarter 2022 earnings · of · $2.29 per share”
“J.B. Hunt · first-quarter operating revenues · of · $3,488.6 million”
“J.B. Hunt · reported · first-quarter 2022 earnings · $2.29 per share”
“J.B. Hunt · reported · first-quarter 2022 earnings numbers · better-than-expected”
“J.B. Hunt Transport Services JBHT · reported · first-quarter 2022 earnings numbers · better-than-expected”
“J.B. Hunt Transport Services JBHT · gained · shares · 1.1%”
“J.B. Hunt · exited · the first quarter with cash and cash equivalents · $144.53 million”
“J.B. Hunt · repurchased · around 382,000 shares · for approximately $75 million”
“J.B. Hunt · had · approximately $276 million remaining under its share repurchase authorization”
“J.B. Hunt Transport Services · first-quarter 2022 earnings · $2.29 per share · surpassed the Zacks Consensus Estimate of $1.91”
“J.B. Hunt Transport Services · first-quarter 2022 total operating revenues · $3,488.6 million · outperformed the Zacks Consensus Estimate of $3,260.5 million”