JB Hunt Transport Servs 주식 (NASDAQ: JBHT)

에 대한 최신 뉴스 JB Hunt Transport Servs (NASDAQ:JBHT) 주식

JB Hunt Transport Servs

J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement of its owned containers (48% of sales in 2023), dedicated trucking services that provide customer-specific fleet needs (28%), for-hire truckload (6%), heavy goods final-mile delivery (7%), and asset-light truck brokerage (11%).

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지난주 이들 11개 대형주는 최하의 성과를 보여주었다. 여러분이 보유한 포트폴리오에도 이들이 있나요? Arm 홀딩스(NASDAQ:ARM)는 지난주 가장 성과가 나쁜 대형주 기업으로 31.08% 폭락했다. 이 회사의 주가는 ASML 홀딩 N.V. (NASDAQ:ASML)이 예상보다 저조한 1분기 연간 실적 발표에 영향을 받았다.

지난주 최하 성과 주식: 이 11개의 대형주가 포트폴리오에 있나요?

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J.B. 헌트 트랜스포트 서비스(NASDAQ:JBHT)의 주식은 회사가 2024년 1분기 실적을 보고한 이후 하락했다. 영업 수익은 전년 동기 대비 9% 감소한 29억 4천만 달러로 컨센서스인 31억 2천만 달러를 하회했다. 수익 감소는 복합운송(JBI)과 트럭 운송(JBT) 모두에서 부하당 부문 총 수익이 9% 감소하고, 통합 용량 솔루션(ICS)에서 부하가 22% 감소했으며, 전용 계약 서비스(DCS)에서 평균 트럭 및 생산성이 완만하게 감소했기 때문이다.

오늘 J.B. 헌트 트랜스포트 주식이 왜 하락하고 있는지?

J.B. Hunt Transport Services, Inc. - Common Stock

JB Hunt Transport Services Inc

Evercore ISI Group analyst Vijay Kumar maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Outperform and lowers the price target from $185 to $183.

Price Target

Analyst Ratings

Evercore ISI Group Maintains Outperform on JB Hunt Transport Servs, Lowers Price Target to $183

Benchmark analyst Christopher Kuhn reiterates JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Buy and maintains $185 price target.

Reiteration

Benchmark Reiterates Buy on JB Hunt Transport Servs, Maintains $185 Price Target

J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares are trading slightly higher on Friday following the announcement of the addition of 20 Nikola Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) Tre fuel cell electric vehicles (FCEVs) to enhance sustainability solutions for customers<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41068791/j-b-hunt-adds-20-additional-nikola-fcevs-to-expand-sustainability-solutions-for-customers" rel="noreferrer noopener"> with freight needs along the West Coast.</a>
The Nikola FCEVs will complement the more than 200 alternative-powered vehicles that J.B. Hunt currently operates for its customers, including battery-electric, hydrogen-electric, and renewable natural gas (RNG) vehicles.
&#8220;Zero-emission vehicles such as these will help along the path to generate viable, sustainable options that help customers advance their efforts to reduce carbon emissions,&#8221; &nbsp;said Greer Woodruff, executive vice president of safety, sustainability, and maintenance at J.B. Hunt.
Nikola will provide fueling and infrastructure support through its HYLA brand. According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NKLA stock has lost over 90% in the past year.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40310274/nikola-ceo-steve-girsky-is-not-worried-about-competition-from-tesla-battery-trucks-dont-work-everywh" rel="noreferrer noopener">Nikola CEO Steve Girsky Is Not Worried About Competition From Tesla: &#8216;&#8230;Battery Trucks Don&#8217;t Work Everywhere&#8217;</a>
Earlier, in 2023, J.B. Hunt acquired three Nikola FCEVs that are now supporting dedicated customer operations.
Recently, the company launched a pilot program with Clean Energy featuring the new Cummins X15N engine, which represents the latest advancements in RNG-powered vehicles.
Additionally, J.B. Hunt has helped customers like Daimler Truck North America and Electrolux incorporate alternative-powered vehicles into their operations.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, JBHT stock has lost over 6% in the past year. Investors can gain exposure to the stock via&nbsp;Vesper US Large Cap Short-Term Reversal Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTRN#NYSE">UTRN</a>) and iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>).
Price Action: JBHT shares are trading higher by 1.25% to $173.65 at last check Friday. NKLA shares were up 2.39% to $4.28.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/41068397/tesla-cranks-up-the-heat-in-china-extends-5-year-0-interest-loan-offer-to-oct-31" target="_blank" rel="noreferrer noopener">Tesla Cranks Up The Heat In China, Extends 5-Year, 0% Interest Loan Offer to Oct 31</a></li>
</ul>
Photo via Shutterstock

Markets

Tech

General

NKLA

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN

J.B. Hunt Expands Fleet with 20 Nikola EVs: What's Going On?

J.B. Hunt Transport Services Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>), one of the largest supply chain solutions providers in North America, announced that it has added 20 <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nikolamotor.com%2Ftre-fcev&amp;esheet=54128086&amp;newsitemid=20240927257060&amp;lan=en-US&amp;anchor=Nikola+Tre+fuel+cell+electric+vehicles&amp;index=1&amp;md5=490fdec42be3231bd25199c963474e20">Nikola Tre fuel cell electric vehicles</a> (FCEVs) to expand sustainability solutions for customers with freight needs along the West Coast.

J.B. Hunt Adds 20 Additional Nikola FCEVs To Expand Sustainability Solutions For Customers With Freight Needs Along The West Coast.

FedEx Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) is a solid business, but its latest results give another reason to fear that a recession is near. The company underperformed in all metrics, contracting versus an expectation to grow and reducing guidance in what may be the first of several reductions this year. The FedEx news sent ripples of fear through the entire transportation sector, driving share prices for competitors like United Parcel Service&nbsp;and J.B. Hunt Transportation Services (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) down.
The takeaway is that the calendar Q3 earnings reporting season will be disappointing, and there is also an economic concern. FedEx and other shipping giants are leading indicators of the economy, but FedEx didn&#39;t grow this quarter.&nbsp; Upcoming data may reflect the weakness, which won&#39;t benefit the broader stock market.&nbsp;
<h2>Shifting Habits Offset FedEx Quality Improvements</h2>
FedEx had a strong quarter financially, generating revenue and profits sufficient to sustain operations and the capital return program. However, $21.16 billion in net revenue is down 40 basis points compared to last year and is 140 basis points shy of the consensus, with margin contraction impacting the bottom line.&nbsp;
The revenue weakness is attributed to a mix shift, with consumers turning away from higher-cost, higher-margin priority shipping to lower-cost, lower-margin options. Both operating segments contributed to the weakness, and there was one less day in the quarter. Even so, when adjusted for the day, results are still shy of consensus and come with weak and potentially optimistic guidance.&nbsp;
Margin news is mixed. The company reports further progress in its DRIVE initiative and improving structural quality. However, the consumer shift also impacted the margins, which contracted compared to last, amplified by increased wage expenses. Operating margin is down 180 bps GAAP and 170 bps adjusted, leaving net income down by 23% and adjusted EPS by 20%. The adjusted EPS is aided by share repurchases, which were accelerated this year. The company bought back $1 billion in Q1, impacting EPS by $0.03, and is forecasting another $1.5 billion in buybacks by year&#39;s end.&nbsp;
Guidance is not OK but could be better. Revenue and earnings are sufficient to sustain operational and balance sheet quality, with revenue expected to grow by year&#39;s end but reflecting reduced demand and the Q1 consumer shift. The takeaway is that the revenue target was reduced to low single digits from mid-single digits, and the earnings narrowed at the high end, and both are likely optimistic. There is little expectation for economic headwinds to improve in CQ3 and CQ4, and it will be several quarters before the FOMC&#39;s rate cuts have an impact.&nbsp;
<h2>Analysts Cap Gains in FedEx Stock, Expect Downward Pressure in Q4</h2>
The analysts are unsatisfied with FedEx&#39;s results and are reducing their price targets following the release. MarketBeat tracks over a dozen revisions within the first day of the report, including numerous price target reductions and several downgrades. Their activity has the consensus target moving lower and capping upside potential at the high end of a trading range. However, the negativity is offset by a single increased target, and a consensus is that the stock is still a buy likely to return to the top of the range, assuming subsequent reports are more favorable.
FedEx&#39;s price action confirms resistance at the top of the trading range. The market fell 15% after the report, showing strong resistance to higher prices at that level, and is likely to continue lower over the coming weeks. The best target for firm support is near the $235 level, which may be reached soon. The risk is that market sentiment will continue to sour and FDX stock will fall out of its range and move to the $200 level or lower. The opportunity for investors is to put this stock on a watchlist and wait for it to bottom. That will come in alignment with a brightening economic outlook.&nbsp;
<img alt="FedEx FDX stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240920090501_chart-fdx-9202024.png" style="height:426px; width:917px" />
The article &quot;<a href="https://www.marketbeat.com/originals/fedex-stock-dips-another-reason-to-fear-recession-is-near/">FedEx Stock Dips: Another Reason to Fear Recession Is Near</a>&quot; first appeared on MarketBeat.

Large Cap

Guidance

Buybacks

Trading Ideas

FedEx Stock Dips: Another Reason to Fear Recession Is Near

Susquehanna analyst Bascome Majors maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Neutral and raises the price target from $145 to $160.

Susquehanna Maintains Neutral on JB Hunt Transport Servs, Raises Price Target to $160

Now that the market is shifting due to the new path the Federal Reserve (the Fed) has undertaken recently, cutting interest rates and starting a new monetary policy easing cycle, investors need to re-tune their preferences for potential picks in their portfolios moving forward. Growth, income, and market capitalization growth are some of the factors that should be at the top of this new preference list.
With this in mind, the homework has been done regarding hunting for stocks that fit these descriptions so that investors can focus on weighing their options rather than going down rabbit holes. Fitting this list, investors will see names like Knight-Swift Transportation Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knx#NYSE">KNX</a>) in the transportation sector, then PotlatchDeltic Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pch#NASDAQ">PCH</a>) as support in the construction industry, and finally, an energy sector play in Brookfield Renewable Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bep#NYSE">BEP</a>).
All three of these picks share the same factors: market capitalizations below $10 billion to be considered middle caps and not large caps, enough earnings per share (EPS) growth forecasts to turn them into large caps so that investors can enjoy the ride in this new cycle, and the added bonus of enjoying enough dividend income to cushion any inflation effects or volatility that this new easing cycle might bring.
<h2>Transportation Leads the Way: Knight-Swift Stock Poised for a Breakout</h2>
Two sectors typically act as gauges for the economy: housing and trucking. In this case, Knight-Swift stock offers insight into the trucking industry, and it&#39;s starting to look very optimistic today. When rates come down, and both business and consumer activity spike, trucking and transportation tend to benefit from new demand.
Being a $8.4 billion company gives investors enough room to rise to a closer fraction of peers like J.B. Hunt Transport Services Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>), which trades at a larger $17.6 billion market capitalization. Here&#39;s where the growth might come to get this stock to a bigger market capitalization.
Analysts at Barclays Bank think Knight-Swift stock could be worth up to $62 a share, daring it to rally by as much as 18.8% from where it trades today.
They also call for a new 52-week high to show more bullish momentum ahead. While it may not be an inflation-beating income, the stock offers investors a 1.2% dividend yield today.
But that yield could be improved now that the company expects to see bigger profits in the next 12 months, or at least that&#39;s what Wall Street analysts project today.
Predictions are for Knight-Swift to reach $0.50 earnings per share (EPS) next year, up from the current $0.24, for a 108% growth in earnings to close the loop on potential upside.
<h2>Rising New Construction Could Spark a Rally in PotlatchDeltic Stock</h2>
Lower interest rates mean lower mortgage yields, which could spark new construction demand as homebuyers come off the sidelines and are ready to look for new homes. Even if that&#39;s not the case, given the high inventory per capita levels of the market today and falling housing starts, rental demand is the next big thing to rise.
Whichever real estate branch takes off on these lower rates, construction needs timber. PotlatchDeltic owns large acres of timberland to provide the industry with what it needs.
Knowing this, investors can start to see how this $3.4 billion company will turn into a large cap in due time, as long as there is enough potential growth ahead.
And growth there is. Wall Street analysts now forecast EPS growth of up to $0.30 for the next 12 months, looking to deliver over 100% profit growth. Leaning on these trends and fundamentals, those at Bank of America felt comfortable placing a valuation of $51 a share on this stock, calling for up to 12% upside from where the stock trades today.
As a real estate investment trust (REIT), PotlatchDeltic offers an attractive dividend yield of 3.95% today, one that could grow as profits double and the stock manages to grow its market capitalization in this new cycle.
<h2>Energy Supercycle Could Drive Surge in Renewable Energy Demand</h2>
There has to be a reason why Brookfield Renewable Partners stock saw its volume grow from an average of $482,000 shares to $821,000 shares recently.
The doubling in volume signals market interest in this stock. But what could have brought the market into this $6.9 billion market capitalization company?
As business activity rises due to lower interest rates, oil demand may spike, increasing the price per barrel.
This trend makes alternative energy sources more attractive, and that&#39;s where Wall Street forecasts for up to 113% EPS growth in this stock comes into play.
From this potential growth path, those at the Royal Bank of Canada have landed on a $31 price target for Brookfield Renewable stock, calling for a net upside of 17% from where it trades today.
More than this upside, the stock offers investors an attractive 5.3% dividend yield today, speaking to the company&#39;s undervaluation and confidence in future growth and stability.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/maximize-dividend-growth-and-market-cap-with-these-3-stock-picks/">Maximize Dividend Growth and Market Cap With These 3 Stock Picks</a>&quot; first appeared on MarketBeat.

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Real Estate

Maximize Dividend Growth and Market Cap With These 3 Stock Picks

BMO Capital analyst Fadi Chamoun reiterates JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Outperform and maintains $195 price target.

BMO Capital Reiterates Outperform on JB Hunt Transport Servs, Maintains $195 Price Target

WIIM

ODFL

UHAL

Shares of rail and transportation stocks are trading higher amid overall market strength following the Fed's rate cut.

Fund manager Matthew Tuttle made waves in the ETF space for his unique funds that offer ways for investors to get leveraged exposure or <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36500461/exclusive-the-man-who-shorts-cathie-wood-and-jim-cramer-filed-for-new-bitcoin-etfs-why-lev">bet against well-known financial figures</a> like Jim Cramer and Cathie Wood.
Tuttle is back with a new fund that gives investors a way to invest in companies that are not meeting ESG (environmental, social, and governance) requirements.
What Happened: Tuttle Capital Management launched the ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ESGX#BATS">ESGX</a>), a new ETF that gives investors<a href="https://www.benzinga.com/markets/esg/23/09/34288808/want-to-bet-against-woke-companies-theres-an-etf-for-that"> a way to invest </a>in companies that "focus on profits, not politics or trendy activisms of the moment."
"ESGX allows investors to choose a portfolio of companies that follow the comment sense notion that companies that focus on profits are better for investors than companies that don't," a press release for the fund reads.
The ETF follows the AJN Shareholders First Index, which tracks a portfolio of U.S. companies that meet the requirement of focusing on profits and ignoring politics and "trendy activisms of the moment."
"Too many companies today put ESG and DEI politics first and their shareholders' profits last," Tuttle Capital CEO Matthew Tuttle said. "ESG has become a way for liberal executives and large investors to enact social changes that they can't pass at the ballot box."
Tuttle said CEOs can be pressured to "cave to the trendy politics of the moment," and often times this is not in the best interest of shareholders.
"That's why we launched ESGX – to put shareholders and profits first."
Tuttle added that investors had limited options of ways to invest in companies that put profits ahead of politics before the ETF launched.
As of Sept. 9, the following were the top <a href="http://ShareholdersFirstETF.com">holdings </a>in the ESGX ETF:
<ul>
<li>MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>): 2.3% of assets</li>
<li>Evergy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>): 2.2% of assets</li>
<li>J.B. Hunt Transport Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>): 2.1% of assets</li>
<li>MDU Resources Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>): 2.1% of assets</li>
<li>RLI Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>): 2.1% of assets</li>
</ul>
The ETF launch comes after companies like Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>), Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and others have been <a href="https://www.benzinga.com/news/23/06/33083401/mark-cuban-vs-chamath-palihapitiya-billionaires-battle-over-go-woke-go-broke-mantra">accused by consumers</a> and investors of focusing too heavily on ESG and DEI policies and "going woke" instead of worrying about financial growth and returns for shareholders.
Read Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39299113/nancy-pelosi-among-best-of-the-best-in-stock-trading-new-congress-trading-etf-coming-from-cre">Nancy Pelosi Among &#8216;Best Of The Best&#8217; In Stock Trading: New Congress Trading ETF Coming From Creator Of Anti-Cathie Wood, Jim Cramer Funds</a>
Self Defense ETF Also Launches: Tuttle Capital also launched the Spinnaker ETF Series Tuttle Capital Self Defense Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/GUNZ#BATS">GUNZ</a>) Tuesday.
The fund invests in companies that are engaged in self-defense, with a belief that the United States is becoming less safe.
The ETF invests in companies that manufacture, service, supply and distribute personal and law enforcement defense equipment and protection services. The fund tracks the AJN Self Defense U.S. Equity Index.
"Americans feel less safe and feel there is more crime in the country now than last year. Many Americans are taking self defense into their own hands," Tuttle said.
Tuttle added that shares of gun manufacturers have also risen after the assassination attempt on former President Donald Trump.
"Gun sales have rebounded after nearly three years of continuous decline and firearms manufacturers world wide have seen their stock surge after the terrorist attack on Israel and the Trump assassination attempt."
As of Sept. 9, the following were the top <a href="https://www.gunzetf.com/">holdings </a>in the GUNZ ETF:
<ul>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): 8.9% of assets</li>
<li>Johnson Controls (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>): 6.9% of assets</li>
<li>AXON Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>): 6.9% of assets</li>
<li>Allegion PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>): 6.4% of assets</li>
<li>OSI Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSIS#NASDAQ">OSIS</a>): 6.4% of assets</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/m-a/24/03/37943780/exclusive-trump-media-company-goes-public-financial-experts-say-djt-a-meme-stock-this-is-going-to-be">EXCLUSIVE: Trump Media Company Goes Public, Financial Experts Say DJT A &#8216;Meme Stock&#8217; — &#8216;This Is Going To Be A Way To Bet On Or Against Trump&#8217;</a></li>
</ul>

Specialty ETFs

ETFs

ALLE

AXON

ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF

ESGX

EVRG

GUNZ

MKTX

OSIS

PLNT

PLTR

Fund Manager Who Bet Against Jim Cramer And Cathie Wood Has New Anti-Woke ETF: 'Puts Profits Ahead Of Politics, DEI & ESG'

Navios Maritime (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nmm#NYSE">NMM</a>) is scheduled to release second-quarter 2024 earnings results on Aug 20, before market opens.
The shipping company&#39;s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters. The average beat is 25.4%.
<div class="chart_embed">
<h3>Navios Maritime Partners LP Price and EPS Surprise</h3>
<img alt="Navios Maritime Partners LP Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/1d/1724055249.png" style="height:266px; width:538px" title="" />
Navios Maritime Partners LP price-eps-surprise | Navios Maritime Partners LP Quote
The Zacks Consensus Estimate for the to-be-reported quarter&#39;s earnings is pegged at $2.90 per share. The earnings estimate for the to-be-reported quarter has declined 11.8% in the past 60 days. The bottom-line projection indicates a year-over-year contraction of 12.7%. The Zacks Consensus Estimate for quarterly revenues, currently pegged at $317.6 million, indicates a year-over-year decrease of 8.5%.
</div>
Against this backdrop, let&#39;s delve into the factors that might have impacted Navios Maritime&#39;s June-quarter performance.
We expect vessel operating expenses to have been high in the to-be-reported quarter. Time charter and voyage expenses are also expected to have been high. High costs are likely to have dented NMM&#39;s bottom-line performance. Supply-chain disruptions are anticipated to have dampened this shipping company&#39;s results.
However, continued fleet expansion initiatives are likely to have driven the company&#39;s performance. Time charter and voyage revenues are likely to have been impressive in the June quarter, primarily driven by revenues from freight voyages.
<h3>Earnings Whispers</h3>
Our proven model does not conclusively predict an earnings beat for Navios Maritime this time around. The combination of a positive&nbsp;Earnings ESP&nbsp;and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Earnings ESP: NMM has an Earnings ESP of 0.00% at present.
Zacks Rank: NMM carries a Zacks Rank of 3, currently.
<h3>Performances of Other Transportation Companies</h3>
Delta Air Lines&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) reported second-quarter 2024 earnings (excluding 35 cents from non-recurring items) of $2.36 per share, which marginally missed the Zacks Consensus Estimate of $2.37. Earnings decreased 11.9% on a year-over-year basis. Apart from high costs, the carrier blamed the discounting pressure at the low end of the market, which hurt its pricing power, for the disappointing performance.
Revenues of $16.65 billion surpassed the Zacks Consensus Estimate of $16.25 billion and increased 6.9% year over year, driven by upbeat air travel demand. Adjusted operating revenues (excluding third-party refinery sales) came in at $15.41 billion, up 5.4% year over year.
J.B. Hunt Transport Services&#39;&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) earnings of $1.32 per share missed the Zacks Consensus Estimate of $1.51 and declined 27% year over year.
JBHT&#39;s total operating revenues of $2.93 billion missed the Zacks Consensus Estimate of $3.03 billion and fell 7% year over year. Total operating revenues, excluding fuel surcharge revenues, fell 6% year over year. The downfall was owing to a 5% decrease in gross revenue per load in Intermodal and a decline in load volume of 25% in Integrated Capacity Solutions, 9% in Truckload and 9% in Dedicated Contract Services.
United Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) reported second-quarter 2024 earnings per share (excluding 18 cents from non-recurring items) of $4.14, which surpassed the Zacks Consensus Estimate of $3.97. Earnings decreased 17.7% on a year-over-year basis.
Operating revenues of $14.98 billion missed the Zacks Consensus Estimate of $15.13 billion. The top line increased 5.7% year over year attributed to upbeat air-travel demand. This was driven by a 5.2% rise in passenger revenues (which accounted for 91.2% of the top line) to $13.680 billion. Almost 44,375 passengers traveled on UAL flights in the second quarter, up 5.8% year over year.
<a href="https://www.zacks.com/stock/news/2323590/navios-maritime-nmm-to-report-q2-earnings-what-s-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2323590">To read this article on Zacks.com click here.</a>

Small Cap

Navios Maritime to Report Q2 Earnings: What's in Store?

On August 16, 2024, our Board of Directors adopted a new share repurchase program authorizing the repurchase of $1 billion of the Company&rsquo;s common stock.
The specific timing and amount of the repurchases will vary based on market conditions, cash flows, securities law limitations and other factors.
The repurchase program has no stated expiration date but may be suspended or discontinued at any time without prior notice.
&nbsp;This new repurchase program will begin after the completion of the Company&rsquo;s existing $500 million repurchase program, which had $163 million remaining available and uncommitted at June 30, 2024.
&nbsp;

J.B. Hunt Transport Services Plans New Share Repurchase Program For $1B Of Its Common Stock - Filing

Air Transport Services Group&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atsg#NASDAQ">ATSG</a>) second-quarter 2024 earnings (excluding 8 cents from non-recurring items) of 19 cents per share surpassed the Zacks Consensus Estimate of 16 cents but plunged 66.7% year over year.&nbsp; Customer revenues (derived after eliminating internal revenues from total revenues) of $488.4 million missed the Zacks Consensus Estimate of $512.3 million and fell 7.7% year over year.
ATSG primarily operates through the following reporting segments, namely Cargo Aircraft Management or CAM and ACMI (aircraft, crew, maintenance &amp; insurance) Services. Revenues from ACMI Services decreased 7.7% year over year to $338.2 million. Revenues from CAM and other operations declined 6.2% and 11.9% to $104.5 million and $97.64 million, respectively.
<div class="chart_embed">
<h3>Air Transport Services Group, Inc Price, Consensus and EPS Surprise</h3>
<img alt="Air Transport Services Group, Inc Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/9d/1723196777.png" style="height:268px; width:577px" title="" />
Air Transport Services Group, Inc price-consensus-eps-surprise-chart | Air Transport Services Group, Inc Quote
Air Transport&#39;s total fleet in service included 134 aircraft (20 passengers and 114 freighters) at the end of the second quarter of 2024 compared with 125 a year ago. Total operating expenses decreased marginally to $457.1 million.
</div>
Adjusted EBITDA fell 17% year over year to $130.4 million. Operating cash flow declined to $137.1 million from $192.2 million a year ago. Adjusted free cash flow was $109.8 million compared with $136.6 million in the prior year.
<h3>2024 Adjusted EBITDA Outlook Raised</h3>
Air Transport now anticipates&nbsp;adjusted EBITDA of almost $526 million (earlier outlook was $516 million). The improved outlook for adjusted EBITDA is owing to the anticipation of more flying opportunities from 10 Amazon-provided 767-300s and new lease commitments for available aircraft.
ATSG expects third-quarter Adjusted EBITDA to be similar to the second quarter as ramp-up costs for adding 10 Amazon-supplied 767 freighters continue but are higher in the fourth quarter when the last few enter service and other peak-season operations occur. Capital spending for the current year is projected to be $390 million. The company expects to end 2024 with a fleet size (in service) of 139 aircraft (20 passengers and 129 freighters).
Currently, Air Transport carries a Zacks Rank #4 (Sell).
<h3>Q2 Performances of Other Transportation Companies</h3>
Delta Air Lines&#39; (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) second-quarter 2024 earnings (excluding 35 cents from non-recurring items) of $2.36 per share missed the Zacks Consensus Estimate of $2.37 and decreased 12% year over year.
Revenues of $16.7billion surpassed the Zacks Consensus Estimate of $16.3 billion and increased 7% on a year-over-year basis. Passenger revenues, accounting for 83% of the total revenues, improved 5% year over year.
United Airlines&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) reported second-quarter 2024 earnings (excluding 18 cents from non-recurring items) of $4.14 per share, which surpassed the Zacks Consensus Estimate of $3.97 per share. However, the bottom line decreased 17.69% year over year.
Operating revenues of $15 billion missed the Zacks Consensus Estimate of $15.13 billion. However, the top line increased 5.7% year over year due to upbeat air travel demand. Cargo revenues rose by 14.4% year over year to $414 million. Revenues from other sources jumped 9.6% year over year to $892 million.
J.B. Hunt Transport Services&#39;&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) second-quarter 2024 earnings per share of $1.32 missed the Zacks Consensus Estimate of $1.51 and declined 27.1% year over year.
Total operating revenues of $2.93 billion lagged the Zacks Consensus Estimate of $3.04 billion and fell 6.5% year over year. Total operating revenues, excluding fuel surcharge revenues, decreased approximately 6% year over year.
<a href="https://www.zacks.com/stock/news/2319781/air-transport-atsg-q2-earnings-beat-estimates-revenues-lag?cid=CS-BENZ-FT-analyst_blog|earnings_article-2319781">To read this article on Zacks.com click here.</a>

Earnings Beats

ATSG

Air Transport Q2 Earnings Beat Estimates & Revenues Lag

FLEX LNG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flng#NYSE">FLNG</a>) is scheduled to release second-quarter 2024 earnings results on Aug 14.
The shipping company&#39;s earnings surpassed the Zacks Consensus Estimate in three of the last four quarters and missed on the remaining occasion, the average beat being 7.1%.
<div class="chart_embed">
<h3>Flex LNG Ltd. Price and EPS Surprise</h3>
<img alt="Flex LNG Ltd. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/6b/1723113168.png" style="height:266px; width:538px" title="" />
Flex LNG Ltd. price-eps-surprise | Flex LNG Ltd. Quote
The Zacks Consensus Estimate for the to-be-reported quarter&#39;s earnings is pegged at 47 cents per share. The metric has remained stable in the past 60 days. The bottom-line projection indicates a year-over-year contraction of 9.6%.
</div>
Against this backdrop, let&#39;s delve into the factors that might have impacted FLEX LNG&#39;s June-quarter performance.
We expect the upbeat demand for liquefied natural gas to have aided FLEX LNG&#39;s performance in the to-be-reported quarter. Amid the prolonged Russia-Ukraine war, Europe is likely to seek gas supplies outside Russia. This is expected to have driven demand for LNG vessels.
On the flip side, FLNG&#39;s performance is expected to have been affected by supply-chain disruptions. High operating expenses due to the increased average number of vessels in its fleet are likely to have hurt the bottom line. Steep fuel costs are expected to have raised total expenses.
<h3>Earnings Whispers</h3>
Our proven model does not conclusively predict an earnings beat for FLEX LNG this time around. The combination of a positive&nbsp;Earnings ESP&nbsp;and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Earnings ESP: FLNG has an Earnings ESP of 0.00%.
Zacks Rank: FLEX LNG carries a Zacks Rank of 3, currently.
<h3>Performances of Other Transportation Companies</h3>
Delta Air Lines&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) reported second-quarter 2024 earnings (excluding 35 cents from non-recurring items) of $2.36 per share, which marginally missed the Zacks Consensus Estimate of $2.37. Earnings decreased 11.9% on a year-over-year basis. Apart from high costs, the carrier blamed the discounting pressure at the low end of the market, which hurt its pricing power, for the disappointing performance.
Revenues of $16.65 billion surpassed the Zacks Consensus Estimate of $16.25 billion and increased 6.9% year over year, driven by upbeat air travel demand. Adjusted operating revenues (excluding third-party refinery sales) came in at $15.41 billion, up 5.4% year over year.
J.B. Hunt Transport Services&#39;&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) earnings of $1.32 per share missed the Zacks Consensus Estimate of $1.51 and declined 27% year over year.
JBHT&#39;s total operating revenues of $2.93 billion missed the Zacks Consensus Estimate of $3.03 billion and fell 7% year over year. Total operating revenues, excluding fuel surcharge revenues, fell 6% year over year. The downfall was owing to a 5% decrease in gross revenue per load in Intermodal and a decline in load volume of 25% in Integrated Capacity Solutions, 9% in Truckload and 9% in Dedicated Contract Services.
United Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) reported second-quarter 2024 earnings per share (excluding 18 cents from non-recurring items) of $4.14, which surpassed the Zacks Consensus Estimate of $3.97. Earnings decreased 17.7% on a year-over-year basis.
Operating revenues of $14.98 billion missed the Zacks Consensus Estimate of $15.13 billion. The top line increased 5.7% year over year attributed to upbeat air-travel demand. This was driven by a 5.2% rise in passenger revenues (which accounted for 91.2% of the top line) to $13.680 billion. Almost 44,375 passengers traveled on UAL flights in the second quarter, up 5.8% year over year.
<a href="https://www.zacks.com/stock/news/2318860/flex-lng-flng-to-report-q2-earnings-what-s-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2318860">To read this article on Zacks.com click here.</a>

FLNG

FLEX LNG to Report Q2 Earnings: What's in Store?

Shares of Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) fell sharply during Thursday's session after the company reported worse-than-expected second-quarter sales results and issued third-quarter guidance below estimates. Also, the company acquired <a href="https://www.benzinga.com/quote/EW/earnings">JenaValve and Endotronix</a>.
Edwards Lifesciences reported quarterly earnings of 70 cents per share which beat the analyst consensus estimate of 69 cents per share. The company reported quarterly sales of $1.632 billion which missed the analyst consensus estimate of $1.653 billion.
Edwards Lifesciences shares dipped 26.9% to $63.60 on Thursday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Predictive Oncology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POAI#NASDAQ">POAI</a>) shares jumped 85% to $1.96 after the company entered biomarker discovery market after successful retrospective ovarian cancer study yields compelling results.</li>
<li>Psyence Biomedical Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBM#NASDAQ">PBM</a>) rose 65.4% to $0.6424 after the company announced the export of nature-derived psilocybin to Australia and said a trial is projected to be initiated shortly following receipt of drug product by trial sites.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) jumped 60% to $3.4421.</li>
<li>Goosehead Insurance, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) rose 29.8% to $85.25 following upbeat second-quarter results.</li>
<li>Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) shares gained 28.2% to $64.64 after the company reported better-than-expected second-quarter EPS results.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) rose 27% to $0.5090.</li>
<li>CERo Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) gained 25.4% to $0.2645 after gaining around 8% on Wednesday.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) rose 25.2% to $16.72. The company announced the successful completion of its first five commercial satellites.</li>
<li>Bally&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALY#NYSE">BALY</a>) gained 24.2% to $16.80. Bally&#8217;s entered into merger agreement with affiliates of Standard General L.P.</li>
<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) climbed 18.3% to $341.39 following better-than-expected quarterly earnings.</li>
<li>The Shyft Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHYF#NASDAQ">SHYF</a>) gained 16.4% to $13.55 following upbeat earnings.</li>
<li>Carpenter Technology Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) climbed 16.3% to $141.59 after the company reported better-than-expected quarterly financial results.</li>
<li>Indivior PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDV#NASDAQ">INDV</a>) rose 15.4% to $12.56 after the company posted better-than-expected second-quarter results and announced an accelerated $100 million share repurchase program.</li>
<li>Tivic Health Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIVC#NASDAQ">TIVC</a>) shares climbed 15.4% to $0.3499.</li>
<li>RPC, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) gained 15.1% to $6.64 following upbeat earnings.</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) jumped 13.7% to $831.97 after the company reported better-than-expected second-quarter financial results.</li>
<li>Pegasystems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) rose 13.1% to $69.09 after the company reported better-than-expected second-quarter financial results.</li>
<li>Helmerich &amp; Payne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) climbed 12.5% to $42.46 following third-quarter results.</li>
<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) gained 12.2% to $2.75 after dipping 43% on Wednesday. BloomZ recently priced its IPO at $4.30 per share.</li>
<li>Valmont Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) gained 11.1% to $300.96 following upbeat earnings.</li>
<li>Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) rose 10.5% to $128.36 following upbeat earnings.</li>
<li>Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) rose 10.1% to $53.92 following second-quarter results.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) gained 9.6% to $565.64 after the company reported better-than-expected second-quarter adjusted EPS and sales.</li>
<li>Mr. Cooper Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NYSE">COOP</a>) rose 9.5% to $94.86 following second-quarter results.</li>
<li>Oceaneering International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OII#NYSE">OII</a>) gained 9.2% to $27.79 following strong sales.</li>
<li>RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) surged 8% to $113.24 following a second-quarter earnings beat.</li>
<li>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) gained 6.1% to $173.75.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>2U, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) shares dipped 60% to $1.65. 2U announced a strategic agreement with debtholders to eliminate half of debt and infuse $110 million in new capital.</li>
<li>EZFill Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZFL#NASDAQ">EZFL</a>) tumbled 40.3% to $3.73.</li>
<li>Kindly MD, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDLY#NASDAQ">KDLY</a>) fell 37.5% to $2.04 after the company submitted comment to the Department of Justice regarding cannabis rescheduling.</li>
<li>Cheetah Net Supply Chain Service Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) dipped 34% to $0.3185. Cheetah Net Supply Chain Service announced pricing of $1.49 million follow-on public offering.</li>
<li>MaxLinear, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NYSE">MXL</a>) shares fell 30.7% to $15.45 after the company reported worse-than-expected second-quarter financial results.</li>
<li>Sol-Gel Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLGL#NASDAQ">SLGL</a>) dipped 30% to $0.4750. Sol-Gel announced the signing of six exclusive license agreements to commercialize TWYNEO&#xAE; and EPSOLAY&#xAE; in Europe and South Africa.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) fell 29.7% to $9.49 after declining 10% on Wednesday.</li>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) fell 27% to $0.1159.</li>
<li>Orion Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORN#NYSE">ORN</a>) declined 21.9% to $8.62 after the company reported worse-than-expected second-quarter financial results.</li>
<li>Ostin Technology Group Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares declined 20.3% to $0.35 after gaining around 19% on Wednesday.</li>
<li>Ribbon Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) tumbled 19.2% to $3.1450 after the company reported worse-than-expected quarterly revenue.</li>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares fell 16.6% to $11.40 following a second-quarter earnings miss.</li>
<li>Hoth Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOTH#NASDAQ">HOTH</a>) fell 15.1% to $0.9103. Hoth Therapeutics shares gained around 11% on Wednesday after the company signed an agreement with LTS Therapy Systems to develop and manufacture the HT-ALZ oral film prototype for Alzheimer&#8217;s disease.</li>
<li>Garrett Motion Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTX#NASDAQ">GTX</a>) declined 13.8% to $7.86 after the company reported worse-than-expected quarterly financial results and lowered its FY24 guidance.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) shares fell 13.4% to $0.0396 after jumping over 75% on Wednesday.</li>
<li>Kaiser Aluminum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) declined 13.3% to $79.76 after the company reported worse-than-expected quarterly financial results.</li>
<li>Hut 8 Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NYSE">HUT</a>) declined 12.8% to $15.71.</li>
<li>LKQ Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) fell 12.1% to $39.10 after the company reported worse-than-expected quarterly adjusted EPS and sales. Additionally, the company lowered its FY24 adjusted EPS outlook.</li>
<li>STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) shares fell 12% to $34.81 after the company reported a second-quarter EPS miss and issued soft third-quarter guidance.</li>
<li>Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) dipped 9.7% to $129.30 following soft third-quarter guidance.</li>
<li>West Pharmaceutical Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) fell 9.5% to $292.91 after the company reported a quarterly earnings miss and cut its guidance.</li>
<li>FormFactor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) fell 8.2% to $52.26.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) tumbled 8.2% to $249.52 after Citigroup downgraded the stock from a Buy to a Neutral and lowered its price target from $415 to $300.</li>
<li>Robert Half Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) declined 7% to $60.32 after the company reported worse-than-expected second-quarter financial results.</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) fell 6.8% to $18.27 following H1 results.</li>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) shares fell 6.2% to $7.01 after the company reported worse-than-expected EPS results.</li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) declined 4.1% to $204.82 after the company lowered FY24 EPS guidance.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39961297/this-lululemon-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-thursday">This Lululemon Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday</a></li>
</ul>

Intraday Update

ASTS

ATPC

BALY

BLMZ

CERO

COOP

CTNT

EZFL

FORM

GSHD

HOTH

INDV

KALU

KDLY

LULU

PEGA

PLXS

POAI

RBBN

SHYF

SLGL

SLNA

SLRX

STLA

TIVC

TWOU

VKTX

XCUR

Why Edwards Lifesciences Shares Are Trading Lower? Here Are Other Stocks Moving In Thursday's Mid-Day Session

U.S. stocks were higher, with the Dow Jones index gaining more than 1% on Thursday.
Shares of International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) rose during Thursday's session following strong <a href="https://www.benzinga.com/news/24/07/39961144/why-ibm-stock-is-trading-higher-on-thursday">quarterly earnings</a>.
IBM reported quarterly earnings of $2.43 per share, which beat the analyst consensus estimate of $2.19. Quarterly sales clocked in at $15.8 billion, which beat the analyst consensus estimate of $15.616 billion.
IBM shares gained 6.4% to $195.75 on Thursday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) shares surged 28.2% to $64.64 after the company reported better-than-expected second-quarter EPS results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) jumped 25.2% to $16.72. The company announced the successful completion of its first five commercial satellites.</li>
<li>Bally&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALY#NYSE">BALY</a>) shares rose 24.2% to $16.80. Bally&#8217;s entered into merger agreement with affiliates of Standard General L.P.</li>
<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) gained 18.3% to $341.39 following better-than-expected quarterly earnings.</li>
<li>Carpenter Technology Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) jumped 16.3% to $141.59 after the company reported better-than-expected quarterly financial results.</li>
<li>RPC, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) rose 15.1% to $6.64 following upbeat earnings.</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) rose 13.7% to $831.97 after the company reported better-than-expected second-quarter financial results.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) jumped 13.6% to $19.05.</li>
<li>Pegasystems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) gained 13.1% to $69.09 after the company reported better-than-expected second-quarter financial results.</li>
<li>Helmerich &amp; Payne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) gained 12.5% to $42.46 following third-quarter results.</li>
<li>CBRE Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) surged 11.7% to $109.87 after the company raised its 2024 guidance.</li>
<li>Valmont Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) climbed 11.1% to $300.96 following upbeat earnings.</li>
<li>Lazard, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) rose 11% to $48.08 following better-than-expected quarterly earnings.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) rose 10.7% to $571.01 after the company reported better-than-expected quarterly adjusted EPS and sales.</li>
<li>Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) gained 10.5% to $128.36 following upbeat earnings.</li>
<li>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) surged 10.2% to $5.80.</li>
<li>Beam Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>) rose 10.1% to $32.81.</li>
<li>Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) gained 10.1% to $53.92 following second-quarter results.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) shares climbed 9.6% to $565.64 after the company reported better-than-expected second-quarter adjusted EPS and sales.</li>
<li>Mr. Cooper Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NYSE">COOP</a>) gained 9.5% to $94.86 following second-quarter results.</li>
<li>RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) climbed 9.2% to $121.14 after the company reported better-than-expected quarterly earnings.</li>
<li>Oceaneering International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OII#NYSE">OII</a>) rose 9.2% to $27.79 following strong sales.</li>
<li>Masco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>) gained 8.1% to $76.27 after the company reported better-than-expected second-quarter earnings.</li>
<li>Universal Health Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) rose 8.1% to $201.00 after the company reported better-than-expected second-quarter earnings and increased FY 2024 guidance.</li>
<li>RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) climbed 8% to $113.24 following a second-quarter earnings beat.</li>
<li>Morningstar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) rose 7.8% to $328.71. The company reported second-quarter financial results yesterday.</li>
<li>Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) gained 7.4% to $67.36 after the company reported better-than-expected second-quarter financial results.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) rose 7.4% to $262.60.</li>
<li>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares rose 6.1% to $173.75.</li>
<li>Unilever PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) gained 5.9% to $59.90 following HI results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39961795/apple-to-rally-around-10-here-are-10-top-analyst-forecasts-for-thursday">Apple To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Thursday</a></li>
</ul>

BEAM

CBRE

MORN

NDAQ

VSAT

IBM Posts Upbeat Earnings, Joins ServiceNow, Helmerich & Payne, RTX, Nasdaq And Other Big Stocks Moving Higher On Thursday

Discover economic bellwether J.B. Hunt&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) key insights and observations from the Q2 2024 Earnings Call:&nbsp;
<h3>Key Participants:</h3>
<ul>
<li>Shelley Simpson, President and CEO</li>
<li>John Kuhlow, CFO</li>
<li>Spencer Frazier, EVP of Sales and Marketing</li>
<li>Nick Hobbs, COO and President of Contract Services</li>
<li>Darren Field, President of Intermodal</li>
<li>Brad Hicks, President of Highway Services and EVP of People</li>
</ul>
<h3>Segment Performance Drivers:</h3>
Intermodal (JBI):
<ul>
<li>Volume down 1% YoY, driven by a 7% decline in the East, partially offset by a 4% increase in transcon business.</li>
<li>Strong demand out of Southern California, with volumes up double digits.</li>
<li>Margin pressure due to market pressure on yields and capacity investments.</li>
<li>Pricing improvements are critical for margin recovery, but volume and operational efficiency are also important.</li>
</ul>
Dedicated Contract Services (DCS):
<ul>
<li>Sold 325 trucks of new deals in Q2.</li>
<li>Expect fleet count to remain flat for the year despite some visibility to fleet losses.</li>
<li>Start-up costs for new trucks will impact Q3 margins.</li>
<li>Competitive pressure in retail replenishment, but strong pipeline and disciplined underwriting.</li>
</ul>
Final Mile Services (FMS):
<ul>
<li>Progress on profit improvement plan.</li>
<li>Mixed demand for big and bulky products; stable for appliances and exercise equipment, soft for furniture.</li>
<li>Net benefit of $1.1 million from claims settlements in Q2.</li>
<li>Focus on revenue quality and cost discipline.</li>
</ul>
Integrated Capacity Solutions (ICS):
<ul>
<li>Gross revenue declined 21% YoY due to a 25% decline in volume, partially offset by a 5% increase in revenue per load.</li>
<li>Gross margins at 14.8%, highest since Q4 2022.</li>
<li>Challenges integrating BNSF Logistics acquisition, but optimistic about the agent model.</li>
<li>Focus on quality revenue and growing with the right customers.</li>
</ul>
Truckload (JBT):
<ul>
<li>Gross revenue down 12% YoY, driven by a 9% decrease in volume and a 4% decrease in revenue per load.</li>
<li>Focus on attracting the right freight and maintaining high service levels.</li>
<li>Excess trailing capacity in the network; working on improving trailer utilization.</li>
</ul>
<h4>Outlook and Timing of Inflection Points:</h4>
Intermodal:
<ul>
<li>Expect full impact of bid cycle pricing in Q3.</li>
<li>Volume growth is critical for margin improvement.</li>
<li>Long-term pricing improvements will lag volume growth.</li>
</ul>
Dedicated:
<ul>
<li>Start-up costs for new trucks will impact Q3, but margins should improve as these costs moderate</li>
<li>Competitive pressure in retail, but strong pipeline and disciplined approach.</li>
</ul>
Final Mile:
<ul>
<li>Expect some customer churn but anticipate normal seasonal margin patterns.</li>
<li>Continued focus on revenue quality and profitability.</li>
</ul>
ICS:
<ul>
<li>Encouraged by seasonal trends and quality revenue growth.</li>
<li>Need to push more volume through the platform for material improvements.</li>
</ul>
<h4>Specific Products and Inventory Changes:</h4>
Quantum Intermodal Service:
<ul>
<li>Exceeding customer expectations in service performance.</li>
<li>Slower than anticipated volume growth, but long runway for future growth.</li>
</ul>
Walmart Intermodal Assets:
<ul>
<li>Added capacity to the network, not fully reflected in current results.</li>
<li>Significant growth capacity remains, with potential to handle 20% more volume.</li>
</ul>
Mexican Traffic Transition:
<ul>
<li>Successful transition to Ferromex from CPKC.</li>
<li>Some initial customer hesitation, but recovering business as the year progresses.</li>
</ul>
<h4>Insights from Analyst Questions</h4>
Volume Trends:
<ul>
<li>Seasonal patterns returning to pre-pandemic norms.</li>
<li>Encouraged by bid compliance and customer demand trends.</li>
</ul>
Margin Recovery:
<ul>
<li>Pricing improvements are essential for margin recovery.</li>
<li>Volume growth and operational efficiency also critical.</li>
</ul>
Customer Conversations:
<ul>
<li>Engaged in peak season planning with customers.</li>
<li>Customers are better at predicting volumes, leading to improved bid compliance.</li>
</ul>
Market Dynamics:
<ul>
<li>Competitive pressures in retail and truckload markets.</li>
<li>Inflationary cost pressures combined with price declines are unique challenges.</li>
</ul>
Strategic Focus:
<ul>
<li>Long-term investments in people, technology, and capacity.</li>
<li>Focus on best-in-class service and creating value for customers.</li>
</ul>
Overall Sentiment:
<ul>
<li>Optimistic about long-term growth despite current challenges.</li>
<li>Encouraged by signs of market stabilization and improving customer demand.</li>
</ul>
This article was created with assistance from Tornado&rsquo;s AI platform (ai.tornado.com).
For more information, visit <a href="https://tornado.com/?utm_source=benzinga&amp;utm_campaign=Earnings&amp;utm_content=JBHT24Q2_A" style="text-decoration:none;">Tornado.com</a>&nbsp;
All views expressed in this article are the authors&#39; own and do not necessarily reflect the position of Nvstr Financial LLC dba Tornado (&ldquo;Tornado&rdquo;) or its affiliates. This communication is for discussion purposes only. Neither Tornado nor the authors endorse any linked content. Statements herein may not be representative of the typical experience of Tornado customers and are no guarantee of future performance or success. The contents of this article and of tornado.com are not investment advice or a recommendation of a securities transaction or investment strategy. Some Tornado content is prepared with assistance from generative AI technology. This is not an order, solicitation, or offer to buy or sell securities or business interests. Investing in stocks is inherently risky; using margin may increase these risks.
Tornado is a member firm of FINRA and SIPC. Further information can be found at tornado.com/about and on FINRA&rsquo;s BrokerCheck website.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Event Summary: J.B. Hunt Transport Services Reports Q2 2024 Earnings In Investor Call

Stifel analyst J. Bruce Chan maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Hold and lowers the price target from $173 to $151.

Stifel Maintains Hold on JB Hunt Transport Servs, Lowers Price Target to $151

Loop Capital analyst Rick Paterson maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Hold and lowers the price target from $177 to $173.

Loop Capital Maintains Hold on JB Hunt Transport Servs, Lowers Price Target to $173

TD Cowen analyst Jason Seidl maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Hold and lowers the price target from $161 to $160.

TD Cowen Maintains Hold on JB Hunt Transport Servs, Lowers Price Target to $160

Analyst Ken Hoexter of Bank of America Securities maintained a Buy rating on JB Hunt (JBHT – Research Report), retaining the price target of $189.0...

Ken Hoexter Recommends Buy on JB Hunt Following $1 Billion Share Buyback and Solid Financial Performance

J.B. Hunt Transport is viewed favorably after authorizing the largest buyback in its history

Wall Street Lunch: Mpox Not New COVID, Says WHO

Trucking data: Freight shipments and Class 8 truck orders improve sequentially in August

Janus Henderson Enterprise Fund Q2 2024 Commentary

FedEx losses mount as gloomy outlook permeates transportation sector

Janus Henderson Mid Cap Growth Managed Account Q2 2024 Commentary

Barclays analyst Brandon Oglenski maintained a Hold rating on JB Hunt (JBHT – Research Report) today and set a price target of $160.00. The company...

Barclays Reaffirms Their Hold Rating on JB Hunt (JBHT)

J.B. Hunt In Gridlock: Strike And Sky-High Valuation Slow The Path Forward

In a report released today, Christopher Kuhn from Benchmark Co. maintained a Buy rating on JB Hunt (JBHT – Research Report), with a price target of...

Benchmark Co. Reaffirms Their Buy Rating on JB Hunt (JBHT)

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Press Releases

J.B. Hunt Named to Fortune 500 List for 12th Consecutive Year

J.B. Hunt Transport Services, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call Information

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the Second Quarter 2024

J. B. Hunt Transport Services, Inc. Announces Quarterly Dividend

J.B. Hunt, Bridgestone and Kodiak Surpass 50,000 Autonomous Long-Haul Trucking Miles In Delivery Collaboration

J.B. Hunt Earns Annual Best in Cargo Security Award From Verisk's CargoNet

J.B. Hunt Awards $533K to Recipients in Third Year of Scholarship Program for Families

J.B. Hunt Among TIME World's Best Companies 2024 Ranking

J.B. Hunt Adds 20 Additional Nikola FCEVs to Expand Sustainability Solutions for Customers

J.B. Hunt Transport Services, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call Information

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