Financial News

Hubbell (HUBB) To Report Earnings Tomorrow: Here Is What To Expect

HUBB Cover Image

Electrical and electronic products company Hubbell (NYSE:HUBB) will be reporting results tomorrow before the bell. Here’s what to expect.

Hubbell missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $1.45 billion, up 6.3% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating margin estimates but a miss of analysts’ organic revenue estimates.

Is Hubbell a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Hubbell’s revenue to grow 7.8% year on year to $1.48 billion, improving from the 4.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.46 per share.

Hubbell Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hubbell has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Hubbell’s peers in the electrical systems segment, some have already reported their Q3 results, giving us a hint as to what we can expect. OSI Systems delivered year-on-year revenue growth of 23.2%, beating analysts’ expectations by 8%, and Vertiv reported revenues up 19%, topping estimates by 4.8%. OSI Systems traded down 5.5% following the results while Vertiv was also down 2.2%.

Read our full analysis of OSI Systems’s results here and Vertiv’s results here.

Investors in the electrical systems segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Hubbell is up 3.8% during the same time and is heading into earnings with an average analyst price target of $446.73 (compared to the current share price of $444.52).

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