Logistics solutions provider Hub Group (NASDAQ: HUBG) will be announcing earnings results tomorrow after market hours. Here’s what you need to know.
Hub Group missed analysts’ revenue expectations by 3.2% last quarter, reporting revenues of $973.5 million, down 1.2% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations and a significant miss of analysts’ adjusted operating income estimates.
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 decline 2.9% year on year to $970.2 million, improving from the 13.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.43 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 air freight and logistics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Expeditors delivered year-on-year revenue growth of 20.8%, beating analysts’ expectations by 3.6%, and United Parcel Service reported flat revenue, topping estimates by 2.1%. United Parcel Service traded down 1.8% following the results.
Read our full analysis of Expeditors’s results here and United Parcel Service’s results here.
There has been positive sentiment among investors in the air freight and logistics segment, with share prices up 15.1% on average over the last month. Hub Group is down 1.9% during the same time and is heading into earnings with an average analyst price target of $42.33 (compared to the current share price of $31.29).
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