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What's Next: Hubbell's Earnings Preview

Hubbell (NYSE:HUBB) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Hubbell to report an earnings per share (EPS) of $4.45.

Hubbell bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

In the previous earnings release, the company beat EPS by $0.12, leading to a 4.17% increase in the share price the following trading session.

Here's a look at Hubbell's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

4.25

3.54

3.57

4.05

EPS Actual

4.37

3.60

3.69

3.95

Price Change %

4.0%

1.0%

-3.0%

3.0%

Stock Performance

Shares of Hubbell were trading at $444.52 as of October 25. Over the last 52-week period, shares are up 67.08%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Views on Hubbell

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Hubbell.

With 10 ...