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Hubbell (HUBB) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2 分鐘文章

Hubbell (HUBB) reported $1.4 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.9%. EPS of $3.60 for the same period compares to $3.61 a year ago.

The reported revenue represents a surprise of +0.36% over the Zacks Consensus Estimate of $1.39 billion. With the consensus EPS estimate being $3.54, the EPS surprise was +1.69%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Here is how Hubbell performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- Electrical Solutions: $505.10 million versus the three-analyst average estimate of $483.47 million. The reported number represents a year-over-year change of +0.3%.

  • Net Sales- Utility Solutions: $894 million versus the three-analyst average estimate of $913.92 million. The reported number represents a year-over-year change of +14.4%.

  • Adjusted operating income- Utility Solutions: $195.20 million versus $204.31 million estimated by three analysts on average.

  • Adjusted operating income- Electrical Solutions: $80 million versus $73.54 million estimated by three analysts on average.

View all Key Company Metrics for Hubbell here>>>

Shares of Hubbell have returned -2.3% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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Zacks Investment Research