JBHT / Q3 2026 (quarter ended September 30, 2026)

J.B. Hunt

Reported 2026-10-15

Published forecast

Oct 12, 2026, 2:44 AM PDT

Opus 5.5 High in Shortcut

Shortcut

1.79

Shortcut normalized EPS

-0.9% vs Street*

Street

1.81

Street normalized EPS

Frozen October 11 snapshot

Real

1.82

Reported diluted EPS

Shortcut loss

Shortcut off by $0.03 · Street off by $0.01.

Uses reported diluted EPS of $1.82. The model assumes no GAAP-to-normalized adjustments. The score compares unchanged published estimates directly; exact normalization matching remains unverified.

Issuer earnings release ↗

USD per diluted share

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Open the assumptions and calculations behind this earnings forecast.

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Model note: EPS adjustment treatment carries about $0.004–$0.007/share sensitivity, alongside smaller interest and share-timing sensitivities.

Behind the estimate.

The model forecasts $1.79 per diluted share for the quarter ended September 30, 2026.

Forecast and independent review: Opus 5.5 High in Shortcut.

Model assumptions and review notes

Modeled normalized EPS; comparability with the frozen Street definition remains unconfirmed. The score compares published values directly.
F1: normalized comparator basis unconfirmed (EBT gap 0.50, NI gap 0.70). EPS would be -$0.0040 to -$0.0074 if mirrored. H74:H75 kept at 0.
F2: EOP-midpoint basic-share convention. Sensitivity -$0.0019 per +0.1m shares (back-test-gap implied about -$0.0011; dilution 0.819 instead of 0.8 gives -$0.0004).
F4: interest on the +21.5 revolver draw not re-estimated, about -$0.0012 EPS. Lease current/LT split not modelled.
Scope 1 / F5: 3Q26 lease cash payment undisclosed, and CFO embeds zero working-capital assumptions. Tracked CFO is a scoped estimate (-0.42 to +2.36). No EPS dependency.
Scope 2 / F3: IS H19 expense-line split (implied PT fuel +20.855, claims 1.992) is unsourced. No EPS dependency.
F6/F7: historical ICS FY basis mix and the 4Q25 basic-share back-solve. No forecast-EPS dependency.
Retrieval stamps (Sources!G9:G36, 2026-10-12 04:20 UTC) fall after the cutoff, while every publication date precedes it. This is a documented limitation, not a post-cutoff source.
Excel was not run. Formatting was checked from the exported XML.
F01: The normalized basis excludes about $0.5m pretax / $0.7m net that cannot be identified from issuer sources. EPS sensitivity is -$0.0040 to -$0.0074 if mirrored.
F02: Interest H47 is not re-estimated for the net revolver change of -38.5 instead of -60. About -$0.0012 EPS if re-estimated; this is the author's judgment.
F03: Basic-share timing bias versus the midpoint convention. -$0.0003 to -$0.0018 EPS.
F06: The quarterly lease cash payment is undisclosed. CFO ranges from 386.5 to 389.3; no EPS effect.
F07: 4Q25 basic shares may be available in the S2 release. Affects only historical 4Q25 basic EPS.
The Sep-26 EIA diesel prints (Revenue summary I74) come from cached search results and cannot be verified from the extraction. They have no EPS effect because fuel lines feed only the H19 plug and the FSC split.
The Guidance B23 cell note is referenced but not present in the extraction.
Audit completion is not acceptance: forecast assumptions (segment bridges, tax 24.2%, P(beat) 0.35) are judgmental and were not re-underwritten.

On the record.

Reporting period: Q3 2026 (quarter ended September 30, 2026), ended 2026-09-30
Reporting basis: Normalized diluted EPS per common share, USD ('Income Statement'!H78 = H77/H64). Model sets normalized = GAAP (H74:H76 = 0). Comparability with the normalized consensus basis is unconfirmed (F1).
Published: Oct 12, 2026, 2:44 AM PDT
Model / effort: Opus 5.5 · High effort

Original forecasts, models and publication times remain on the record.

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