Logistics solutions provider Hub Group (NASDAQ:HUBG) will be announcing earnings results tomorrow afternoon. Here’s what investors should know.
Hub Group missed analysts’ revenue expectations by 6.8% last quarter, reporting revenues of $986.9 million, down 3.7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and 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 2.1% year on year to $1.01 billion, a reversal from the 23.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.
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.
Looking at Hub Group’s peers in the transportation and logistics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. United Parcel Service delivered year-on-year revenue growth of 1.4%, meeting analysts’ expectations, and C.H. Robinson Worldwide reported flat revenue, falling short of estimates by 5.7%. United Parcel Service traded down 14.6% following the results while C.H. Robinson Worldwide was also down 6.9%.
Read our full analysis of United Parcel Service’s results here and C.H. Robinson Worldwide’s results here.
Investors in the transportation and logistics segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. Hub Group is down 1.7% during the same time and is heading into earnings with an average analyst price target of $49.07 (compared to the current share price of $43.39).
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