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Here's What Key Metrics Tell Us About Hubbell (HUBB) Q2 Earnings
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For the quarter ended June 2024, Hubbell (HUBB - Free Report) reported revenue of $1.45 billion, up 6.3% over the same period last year. EPS came in at $4.37, compared to $4.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.49 billion, representing a surprise of -2.51%. The company delivered an EPS surprise of +3.31%, with the consensus EPS estimate being $4.23.
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.
Here is how Hubbell performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Electrical Solutions: $526 million versus the three-analyst average estimate of $523.77 million. The reported number represents a year-over-year change of -1.7%.
Net Sales- Utility Solutions: $926.50 million versus $960.49 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.
Adjusted operating income- Utility Solutions: $222.20 million compared to the $229.71 million average estimate based on three analysts.
Adjusted operating income- Electrical Solutions: $109.20 million versus $91.73 million estimated by three analysts on average.
Shares of Hubbell have returned +2.2% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Hubbell (HUBB) Q2 Earnings
For the quarter ended June 2024, Hubbell (HUBB - Free Report) reported revenue of $1.45 billion, up 6.3% over the same period last year. EPS came in at $4.37, compared to $4.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.49 billion, representing a surprise of -2.51%. The company delivered an EPS surprise of +3.31%, with the consensus EPS estimate being $4.23.
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.
Here is how Hubbell performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Electrical Solutions: $526 million versus the three-analyst average estimate of $523.77 million. The reported number represents a year-over-year change of -1.7%.
- Net Sales- Utility Solutions: $926.50 million versus $960.49 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.
- Adjusted operating income- Utility Solutions: $222.20 million compared to the $229.71 million average estimate based on three analysts.
- Adjusted operating income- Electrical Solutions: $109.20 million versus $91.73 million estimated by three analysts on average.
View all Key Company Metrics for Hubbell here>>>Shares of Hubbell have returned +2.2% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.