Logistics solutions provider Hub Group (NASDAQ:HUBG) will be announcing earnings results this Thursday after market hours. Here’s what you need to know.
Hub Group beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $934.5 million, down 5.3% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but 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 5.8% year on year to $916.8 million, a further deceleration from the 1.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.45 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 Q4 results, giving us a hint as to what we can expect. United Parcel Service’s revenues decreased 3.2% year on year, beating analysts’ expectations by 1.8%, and C.H. Robinson Worldwide reported a revenue decline of 6.5%, falling short of estimates by 1.9%. United Parcel Service traded down 3.1% following the results while C.H. Robinson Worldwide was up 5.1%.
Read our full analysis of United Parcel Service’s results here and C.H. Robinson Worldwide’s results here.
There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 8.5% on average over the last month. Hub Group is up 14.5% during the same time and is heading into earnings with an average analyst price target of $48 (compared to the current share price of $50.57).
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