J.B. Hunt Transport Services Inc. plans to report its first quarter 2020 earnings today after markets close and hold a conference call with analysts afterward.
Results are expected to miss Wall Street estimates, due in part to coronavirus-related expenses. Even though the virus didn't noticeably affect J.B. Hunt until March, Stephens Inc. analysts have lowered their quarterly earnings estimates almost 30% to 78 cents per share.
The Lowell-based carrier notified shareholders in late March of three one-time costs that will eat into earnings such as arbitration fees, executive-level retirement payouts and bonuses to drivers and essential staff during the pandemic.
An hourlong conference call where executives and analysts will discuss the report's results is scheduled for 4 p.m. Callers can listen-in by dialing (833) 397-0851, and using conference ID: 9641307.
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J.B. Hunt shares fell $4.26, or 4.29%, to close Monday at $94.93 on the Nasdaq stock market. After skidding more than 30%, the shares have rallied in the past month from a low of $75.38.