JB Hunt Transport Services Inc. (JBHT) is expectedto report earnings on Thursday, April 12, 2012.
JBHT is expected to earn $0.51 for its 1st quarter. Top Equity News expects the trucking company to report earnings that will beat Wall Street’s expectations. TEN’s estimate is 54 cents – a 3 cent upside surprise.
In the last four years or 16 quarters, JB Hunt has missed earnings only three times. In nine of the 16 quarters, JBHT has topped the street’s consensus view. The stock price rallied abundantly for shareholders 11 of JB’s last 16 quarterly checkups. Lately, the average move has been in the 6-7% area.
The stock price recently closed a 52-week high and shares are still knocking on the high’s door. All of its moving averages are trending higher and lining up in the right order, with the shortest on the top and longest on the bottom.
A good earnings report and shares have nowhere to go but up as there is zero technical resistance in its path. However, investor’s will be paying particular attention to the impact of gas prices on JB Hunt’s profits going forward.
If our TEN estimate is right, and management has properly hedged against rising fuels costs, investors should cheer and drive the trucker’s price to a new, higher 52-week high.
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