Logistics solutions provider Hub Group (NASDAQ:HUBG) will be announcing earnings results this Thursday after the bell. Here’s what you need to know.
Hub Group missed analysts’ revenue expectations by 5.7% last quarter, reporting revenues of $915.2 million, down 8.4% year on year. It was a softer quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and full-year EPS guidance missing analysts’ expectations significantly.
Is Hub Group a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Hub Group’s revenue to decline 6.7% year on year to $920.3 million, a further deceleration from the 5.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.44 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 3 downward revisions over the last 30 days (we track 9 analysts).
Looking at Hub Group’s peers in the transportation and logistics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FedEx posted flat year-on-year revenue, beating analysts’ expectations by 1.9%, and United Parcel Service reported a revenue decline of 2.7%, topping estimates by 1.7%. FedEx traded down 3.2% 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 5.5% on average over the last month. Hub Group is up 7.1% during the same time and is heading into earnings with an average analyst price target of $39.44 (compared to the current share price of $35.81).
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