Hub Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Hub

31/10/2024 02:32

* Hub Group Inc  HUBG.OQ  reported quarterly adjusted
earnings of
52 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 49 cents.  The mean expectation of fifteen analysts for the
quarter was for earnings of 48 cents per share. Wall Street
expected results to range from 41 cents to 52 cents per share.
    * Revenue fell 3.7% to $986.89 million from a year ago;
analysts
expected $1.06 billion. 
    * Hub Group Inc's reported EPS for the quarter was 39
cents​.
    * The company reported quarterly net income of $23.6
million.
    * Hub Group Inc shares had fallen by 4.3% this quarter and
lost 5.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
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 October 31 at
02:32 a.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
 Sep. 30 2024      0.48           0.52           Beat
 Jun. 30 2024      0.47           0.47           Met
 Mar. 31 2024      0.39           0.44           Beat
 Dec. 31 2023      0.51           0.46           Missed