Lower revenues across the majority of its business segments, higher net interest expense, and a highly leveraged balance sheet weigh on J. B. Hunt's (JBHT) results.

Earnings season for this year's second quarter is getting into full-swing. As is almost always the case, the quarterly financial results have been a mixed bag.

As we navigate through the third quarter of 2024, the market is emerging from a period of significant gains. Over the past few months, a bullish rally has propelled tech stocks to new heights, leaving dividend stocks in the shadows.

MANU, BF.B and JBHT have been added to the Zacks Rank #5 (Strong Sell) List on July 19, 2024.

J.B. Hunt Transport Services, Inc. faces challenges with lower freight volumes and pricing environment in Q2 '24, leading to dependence on volumes for growth with the risk of tighter margins. Despite mixed macroeconomic data, inventory replenishment may lead to higher shipping volumes at lower prices, impacting margins and top-line growth. The pricing cycle for e2h24-e1h25 has been set with disappointing rates. This may lead to a lackluster eFY24 and position J.B. Hunt for a strong eFY25 pricing cycle.

J.B. Hunt Transport Services Inc (NASDAQ:JBHT) stock is slipping today following the ground freight and logistics company's disappointing second-quarter results, with profits falling 24% due to industry headwinds.

The logistics titan reported operating income of $390 million, the seventh straight year-over-year decline in operating profit.

J.B. Hunt's (JBHT) second-quarter 2024 revenues are hurt by weakness across the majority of its segments.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT ) Q2 2024 Earnings Call Transcript July 16, 2024 5:00 PM ET Company Participants Brad Delco - SVP of Finance Shelley Simpson - President and CEO John Kuhlow - CFO Spencer Frazier - EVP of Sales and Marketing Nick Hobbs - COO and President, Contract Services Darren Field - President, Intermodal Brad Hicks - President, Highway Services and EVP of People Conference Call Participants Jon Chappell - Evercore ISI Jordan Alliger - Goldman Sachs Chris Wetherbee - Wells Fargo Scott Group - Wolfe Research Daniel Imbro - Stephens Ken Hoexter - Bank of America Ravi Shanker - Morgan Stanley Jason Seidel - TD Cowen Tom Wadewitz - UBS Bascome Majors - Susquehanna Brandon Oglenski - Barclays Jeff Kauffman - Vertical Research Partners David Vernon - Bernstein Operator Ladies and gentlemen, good afternoon and thank you for standing by. My name is Abby and I will be your conference operator today.

Although the revenue and EPS for JB Hunt (JBHT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

JB Hunt (JBHT) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.81 per share a year ago.

Brandon Oglenski, Barclays analyst, joins 'Closing Bell Overtime' to talk J.B. Hunt's Q2 results and the stock reaction.