Financial News
Hub Group (HUBG) Reports Q3: Everything You Need To Know Ahead Of Earnings
Logistics solutions provider Hub Group (NASDAQ:HUBG) will be reporting earnings tomorrow afternoon. Here’s what investors should know.
Hub Group missed analysts’ revenue expectations by 9.7% last quarter, reporting revenues of $986.5 million, down 5.2% year on year. It was a softer quarter for the company, with full-year revenue guidance missing analysts’ expectations.
Is Hub Group a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Hub Group’s revenue to grow 3.6% year on year to $1.06 billion, a reversal from the 24.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 5 downward revisions over the last 30 days (we track 10 analysts).
Looking at Hub Group’s peers in the transportation and logistics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. United Parcel Service delivered year-on-year revenue growth of 5.6%, meeting analysts’ expectations, and FedEx reported flat revenue, falling short of estimates by 1.5%. United Parcel Service traded up 4.7% following the results while FedEx was down 15.3%.
Read our full analysis of United Parcel Service’s results here and FedEx’s results here.
Investors in the transportation and logistics segment have had steady hands going into earnings, with share prices flat over the last month. Hub Group is down 2.6% during the same time and is heading into earnings with an average analyst price target of $46 (compared to the current share price of $44.28).
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