NEW YORK (TheStreet) -- Shares of J.B. Hunt Transport Services (JBHT - Get Report) were sliding in pre-market trading on Monday after the company reported weaker-than-expected earnings for the 2016 third quarter.
Before the opening bell, the Lowell, AR-based transportation and logistics company posted earnings of 97 cents per diluted share, below analysts' projections of $1.03 per share.
Revenue for the period was $1.69 billion, while analysts were looking for revenue of $1.68 billion.
Overall volumes increased 7% year-over-year.
"Benefits from improved volumes, improved operating efficiencies from network balance and reduced reliance on third party dray carriers were offset by lower customer rates, increases in rail purchased transportation rates, equipment ownership costs including lower box utilization, increased insurance and claims costs and increased costs to attract and retain drivers," the company said in a statement.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and increase in net income.
The team believes its strengths outweigh the fact that the company shows low profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: JBHT