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

Hub

26/04/2024 24:09

* Hub Group Inc  HUBG.OQ  reported quarterly adjusted
earnings of
44 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 94
cents.  The mean expectation of fifteen analysts for the quarter
was for earnings of 39 cents per share. Wall Street expected
results to range from 31 cents to 44 cents per share.
    * Revenue fell 13.3% to $999.49 million from a year ago;
analysts
expected $1.05 billion. 
    * Hub Group Inc's reported EPS for the quarter was 44
cents​.
    * The company reported quarterly net income of $27.05
million.
    * Hub Group Inc shares had fallen by 7.5% this quarter and
lost 13.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.8%
in the last three months.​ 
    * In the last 30 days, eleven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "buy"

Wall Street's median 12-month price target for Hub Group Inc is
$46.00 
This summary was machine generated from LSEG data April 25 at
11:09 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
 Mar. 31 2024      0.39           0.44           Beat
 Dec. 31 2023      0.51           0.46           Missed
 Sep. 30 2023      0.58           0.49           Missed
 Jun. 30 2023      0.69           0.72           Beat