Logistics solutions provider Hub Group (NASDAQ:HUBG) is expected to be reporting results next Friday after market hours. Here’s what to expect.
Hub Group beat analysts’ revenue expectations last quarter, reporting revenues of $934.5 million, down 5.3% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS 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, the market is expecting Hub Group’s revenue to decline 5.5% year on year, a further deceleration from the 1.2% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
With Hub Group being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for transportation and logistics stocks. However, investors in the segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. Hub Group is down 14.8% during the same time .
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