Electrical and electronic products company Hubbell (NYSE: HUBB) will be announcing earnings results this Thursday morning. Here’s what to look for.
Hubbell met analysts’ revenue expectations last quarter, reporting revenues of $1.49 billion, up 11.9% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates but full-year EPS guidance missing analysts’ expectations.
Is Hubbell 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 Hubbell’s revenue to grow 10.2% year on year, a reversal from the 2.4% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Hubbell’s peers in the electrical systems segment, some have already reported their Q1 results, giving us a hint as to what we can expect. LSI delivered year-on-year revenue growth of 13.6%, beating analysts’ expectations by 9%, and GE Vernova reported revenues up 16.3%, topping estimates by 0.8%. LSI traded up 6.7% following the results while GE Vernova was also up 16%.
Read our full analysis of LSI’s results here and GE Vernova’s results here.
There has been positive sentiment among investors in the electrical systems segment, with share prices up 14.1% on average over the last month. Hubbell is up 15.4% during the same time and is heading into earnings with an average analyst price target of $535.77 (compared to the current share price of $544.79).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
