Hubbell Inc reports results for the quarter ended in December - Earnings Summary

Hubbell

30/01/2024 14:31

* Hubbell Inc  HUBB.N  reported quarterly adjusted earnings
of
$3.69​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$2.60.  The mean expectation of eleven analysts for the quarter
was for earnings of $3.58 per share. Wall Street expected
results to range from $3.50  to $3.65 per share.
    * Revenue rose 10.3% to $1.35 billion from a year ago;
analysts
expected $1.32 billion. 
    * Hubbell Inc's reported EPS for the quarter was $3.16​.
    * The company reported quarterly net income of $171 million.
    * Hubbell Inc shares had risen by 1.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is  "hold."

Wall Street's median 12-month price target for Hubbell Inc is
$343.00 
This summary was machine generated from LSEG data January 30 at
02:31 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
 Dec. 31 2023      3.58           3.69           Beat
 Sep. 30 2023      4.05           3.95           Missed
 Jun. 30 2023      3.72           4.07           Beat
 Mar. 31 2023      2.47           3.61           Beat