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

Hubbell

25/04/2023 14:31

* Hubbell Inc  HUBB.N  reported quarterly adjusted earnings
of
$3.61​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of $2.47 per share.
    * Revenue rose 11.2% to $1.29 billion from a year ago;
analysts
expected $1.25 billion. 
    * Hubbell Inc's reported EPS for the quarter was $3.37​.
    * The mean earnings estimate of analysts had risen by
about 8.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Hubbell Inc shares had fallen by 4.5% this quarter and
lost 1.0%
so far this year.
    * The company reported quarterly net income of $181.9
million.
    * Wall Street's median 12-month price target for Hubbell Inc
is
$238.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 25 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.47           3.61           Beat
 Dec. 31 2022      2.38           2.60           Beat
 Sep. 30 2022      2.71           2.88           Beat
 Jun. 30 2022      2.41           2.81           Beat