Logistics solutions provider Hub Group (NASDAQ: HUBG) will be reporting results this Thursday after market close. Here’s what you need to know.
Hub Group missed analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $905.6 million, down 8.2% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a significant miss of analysts’ sales volume estimates.
Is Hub Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Hub Group’s revenue to decline 6% year on year to $927.9 million, a further deceleration from the 3.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.49 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 transportation and logistics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FedEx delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 2.7%, and United Parcel Service reported a revenue decline of 3.7%, topping estimates by 2.5%. FedEx traded up 2.2% following the results.
Read our full analysis of FedEx’s results here and United Parcel Service’s results here.
There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 3.1% on average over the last month. Hub Group is up 3.4% during the same time and is heading into earnings with an average analyst price target of $39.31 (compared to the current share price of $35.73).
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