Hubbell (HUBB) Q1 Earnings: What To Expect

StockStory
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Hubbell (HUBB) Q1 Earnings: What To Expect

Electrical and electronic products company Hubbell (NYSE:HUBB) will be reporting earnings tomorrow before the bell. Here’s what to look for.

Hubbell missed analysts’ revenue expectations by 4.8% last quarter, reporting revenues of $1.33 billion, flat year on year. It was a slower quarter for the company, with a significant miss of analysts’ organic revenue estimates and a miss of analysts’ EBITDA estimates.

Is Hubbell a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Hubbell’s revenue to decline 1.1% year on year to $1.38 billion, a reversal from the 8.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.72 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. Hubbell has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Hubbell’s peers in the electrical systems segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Allegion delivered year-on-year revenue growth of 5.4%, beating analysts’ expectations by 2%, and Vertiv reported revenues up 24.2%, topping estimates by 5.2%. Allegion traded up 7.9% following the results while Vertiv was also up 16.8%.

Read our full analysis of Allegion’s results here and Vertiv’s results here.

Investors in the electrical systems segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Hubbell is up 8% during the same time and is heading into earnings with an average analyst price target of $415.46 (compared to the current share price of $359.51).

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