Advertisement
Canada markets closed
  • S&P/TSX

    22,290.62
    +31.15 (+0.14%)
     
  • S&P 500

    5,187.70
    +6.96 (+0.13%)
     
  • DOW

    38,884.26
    +31.99 (+0.08%)
     
  • CAD/USD

    0.7276
    -0.0010 (-0.14%)
     
  • CRUDE OIL

    78.20
    -0.18 (-0.23%)
     
  • Bitcoin CAD

    86,017.79
    -1,440.05 (-1.65%)
     
  • CMC Crypto 200

    1,298.17
    -66.96 (-4.91%)
     
  • GOLD FUTURES

    2,320.50
    -3.70 (-0.16%)
     
  • RUSSELL 2000

    2,064.65
    +3.97 (+0.19%)
     
  • 10-Yr Bond

    4.4630
    -0.0260 (-0.58%)
     
  • NASDAQ futures

    18,210.00
    +10.50 (+0.06%)
     
  • VOLATILITY

    13.23
    -0.26 (-1.93%)
     
  • FTSE

    8,313.67
    +100.18 (+1.22%)
     
  • NIKKEI 225

    38,412.12
    -422.98 (-1.09%)
     
  • CAD/EUR

    0.6769
    -0.0002 (-0.03%)
     

Here's What Key Metrics Tell Us About Hub Group (HUBG) Q1 Earnings

Hub Group (HUBG) reported $999.49 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 13.3%. EPS of $0.44 for the same period compares to $0.94 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.07 billion, representing a surprise of -6.99%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.40.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

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

  • Operating Revenue- Intermodal and Transportation Solutions: $552.03 million compared to the $594.60 million average estimate based on three analysts.

  • Operating Revenue- Inter-segment eliminations: -$32.76 million versus -$25.32 million estimated by three analysts on average.

  • Operating Revenue- Logistics: $480.22 million versus the three-analyst average estimate of $486.18 million.

View all Key Company Metrics for Hub Group here>>>

Shares of Hub Group have returned -6.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Hub Group, Inc. (HUBG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research