Logistics solutions provider Hub Group (NASDAQ: HUBG) is expected to be announcing earnings results this Friday after market close. Here’s what investors should know.
Hub Group beat analysts’ revenue expectations last quarter, reporting revenues of $934.5 million, down 5.3% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS estimates.
Is Hub Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Hub Group’s revenue to decline 5.4% year on year, a further deceleration from the 1.2% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
With Hub Group being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for transportation and logistics stocks. However, there has been positive investor sentiment in the segment, with share prices up 3.3% on average over the last month. Hub Group’s stock price was unchanged during the same time .
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
