JB Hunt is jumping to Wall Street, but is it really justified?

(Boursier.com) — J.B. Hunt, the American freight transport giant, announced earnings per share of $1.47 for its fourth fiscal quarter, compared to $1.92 a year earlier. Revenues totaled $3.30 billion, down 9.5% year-over-year, compared to the consensus of $3.24 billion. Quarterly operating profit fell 28% to 203 million. The group misses the margin and earnings per share consensus. For the year, revenue totaled $12.83 billion, down 13%, while diluted earnings per share stumbled 24% to $6.97. However, the title is expected to rise sharply before market trading on Wall Street, for no obvious reason.