Hub Group Inc reports results for the quarter ended in June - Earnings Summary

Hub

01/08/2024 22:58

* Hub Group Inc  HUBG.OQ  reported quarterly adjusted
earnings of
47 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 72
cents.  The mean expectation of fifteen analysts for the quarter
was for earnings of 47 cents per share. Wall Street expected
results to range from 44 cents to 50 cents per share.
    * Revenue fell 5.2% to $986.50 million from a year ago;
analysts
expected $1.09 billion. 
    * Hub Group Inc's reported EPS for the quarter was 47
cents​.
    * The company reported quarterly net income of $29.02
million.
    * Hub Group Inc shares had risen by 8.6% this quarter and
gained 1.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "hold"

Wall Street's median 12-month price target for Hub Group Inc is
$45.00 
This summary was machine generated from LSEG data August 1 at
09:58 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.47           0.47           Met
 Mar. 31 2024      0.39           0.44           Beat
 Dec. 31 2023      0.51           0.46           Missed
 Sep. 30 2023      0.58           0.49           Missed