Hub Group Earnings: Here’s Why Investors are Excited Now
Hub Group Inc. (NASDAQ:HUBG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.40%.
Hub Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 8.7% to $0.50 in the quarter versus EPS of $0.46 in the year-earlier quarter.
Revenue: Rose 7.5% to $836.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hub Group Inc. reported adjusted EPS income of $0.5 per share. By that measure, the company beat the mean analyst estimate of $0.49. It beat the average revenue estimate of $825.41 million.
Quoting Management: “All of our business lines contributed to a record second quarter. We remain focused on growing profitably and expect continued growth in the second half of the year,” said David P. Yeager, Chairman and Chief Executive Officer of Hub Group.
Key Stats (on next page)…