JB Hunt Transport Services (JBHT.O): JBHT 2Q: "Our organization thrives during these periods"; JBHT delivers strong EPS beat, with momentum into 2H

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JB Hunt Transport Services (JBHT.O): JBHT 2Q: "Our organization thrives during these periods"; JBHT delivers strong EPS beat, with momentum into 2H

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16 Jul 2026 02:56:14 ET │ 14 pages

JB Hunt Transport Services (JBHT.O)

JBHT 2Q: "Our organization thrives during these periods"; JBHT

delivers strong EPS beat, with momentum into 2H

CITI'S TAKE

JBHT posted 2Q EPS of $1.91, up +45% y-y, above Citi/cons. $1.73/$1.74 Neutral

ests., driven by better-than-expected Intermodal volume and rev./load.

There was much to like about the quarter, including evidence of a more Price (15 Jul 26 16:00) US$276.28

constructive supply-demand environment, share gains across its business Target price US$309.00↑

lines reflecting strong service with indications of more to come as shippers

from US$278.00scramble for capacity, evidence of continued efficiency gains from JBHT’s

cost cutting efforts, improving equipment utilization, commentary on rising Expected share price return 11.8%

inbound mini-bids and a record sales pipeline, and signals of strong pricing Expected dividend yield 0.7%

gains that are largely still-to-come. We see a positive read-across for the

Expected total return 12.5%sector, consistent with our 2Q preview, but also acknowledge that much of

the strong results reflect operational execution specific to JBHT. Shares are Market Cap US$25,947M

+8% after-hours, and while we continue to have concerns over its valuation,

it is hard to find fault with one of the strongest quarters in recent memory.

Fundamentals — As an indication of the improving demand environment, JBHT said Price Performance

it is seeing increasing mini-bids developing into structurally larger amounts (RIC: JBHT.O, BB: JBHT US)

reflecting the difficulty shippers are having securing reliable freight capacity.