We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gear Up for Hubbell (HUBB) Q4 Earnings: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Hubbell (HUBB - Free Report) is expected to reveal quarterly earnings of $4.02 per share, indicating an increase of 8.9% compared to the year-ago period. Analysts forecast revenues of $1.4 billion, representing an increase of 3.9% year over year.
Over the last 30 days, there has been a downward revision of 4.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Hubbell metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Net Sales- Electrical Solutions' will reach $498.71 million. The estimate suggests a change of -6.7% year over year.
The consensus estimate for 'Net Sales- Utility Solutions' stands at $900.22 million. The estimate indicates a change of +11% from the prior-year quarter.
Analysts expect 'Adjusted operating income- Utility Solutions' to come in at $209.07 million. The estimate compares to the year-ago value of $173.50 million.
According to the collective judgment of analysts, 'Adjusted operating income- Electrical Solutions' should come in at $93.95 million. Compared to the present estimate, the company reported $88.10 million in the same quarter last year.
Over the past month, Hubbell shares have recorded returns of -1.8% versus the Zacks S&P 500 composite's +2.7% change. Based on its Zacks Rank #3 (Hold), HUBB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gear Up for Hubbell (HUBB) Q4 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Hubbell (HUBB - Free Report) is expected to reveal quarterly earnings of $4.02 per share, indicating an increase of 8.9% compared to the year-ago period. Analysts forecast revenues of $1.4 billion, representing an increase of 3.9% year over year.
Over the last 30 days, there has been a downward revision of 4.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Hubbell metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Net Sales- Electrical Solutions' will reach $498.71 million. The estimate suggests a change of -6.7% year over year.
The consensus estimate for 'Net Sales- Utility Solutions' stands at $900.22 million. The estimate indicates a change of +11% from the prior-year quarter.
Analysts expect 'Adjusted operating income- Utility Solutions' to come in at $209.07 million. The estimate compares to the year-ago value of $173.50 million.
According to the collective judgment of analysts, 'Adjusted operating income- Electrical Solutions' should come in at $93.95 million. Compared to the present estimate, the company reported $88.10 million in the same quarter last year.
View all Key Company Metrics for Hubbell here>>>
Over the past month, Hubbell shares have recorded returns of -1.8% versus the Zacks S&P 500 composite's +2.7% change. Based on its Zacks Rank #3 (Hold), HUBB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>