Hub Group Inc A Down 6.83% To $68.03 After Earnings Miss

Friday, October 27, 2023 - Hub Group Inc A (HUBG) reported downside earnings and revenues today.

Analyst expectations for Hub Group Inc A earnings per share (EPS) were at $1.17, with the company missing those estimates with a reported EPS of $0.97, leading to a negative surprise of $0.2 per share (-17%). Hub Group Inc A's earnings were down 63% year-over-year as the firm reported an EPS of $2.61 in its year-ago quarter. The negative annual growth shows the Industrials company isn't performing well amid current economic conditions.

Revenues were downbeat at $1 billion. That represents a 24.39% decrease in revenues from the year-ago report and is 0.50% lower than consensus estimates set at $1 billion.

The stock is down 6.83% to $68.03 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Hub Group Inc A has performed a little above average during the past few months. Before the report, Hub Group Inc A received a Long-Term Technical Rank by InvestorsObserver of 50, putting it in the top half of stocks. The firm set a 52-week low on May 16, 2023 at $71.71 and set a 52-week high on February 3, 2023 at $104.67.

Hub Group ranks among the largest asset-light providers of rail intermodal service. Following the August 2018 divestiture of logistics provider Mode, which was run separately, its core operating units are intermodal, which uses the Class I rail carriers for the underlying line-haul movement of containers (60% of sales); highway brokerage (12%); Unyson Logistics, which provides outsourced transportation management services (20%); and Hub Dedicated (8%), an asset-based full-truckload carrier.