HUBB Earnings Prediction
The chart below shows how HUBB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HUBB sees a +1.86% change in stock price 10 days leading up to the earnings, and a +3.18% change 10 days following the report. On the earnings day itself, the stock moves by +0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
HUBB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.44B
4.86%
-0.68%
Gross Margin
34.55%
-2.68%
-1.76%
Operating Margin
21.35%
5.90%
0.90%
Net Margin
15.32%
4.36%
3.37%
EPS
4.06
9.73%
3.05%
No Data Available
HUBB Earnings Analysis
Hubbell Incorporated Corporation (HUBB.N) Earnings Conference Call
Positive
Earnings and Profit Growth: 14% year-over-year adjusted earnings per share growth and operating profit growth, along with 180 basis points of adjusted operating margin expansion.
Utility Solutions Sales Growth: Utility Solutions segment achieved 11% sales growth, driven by strong demand in grid infrastructure and automation markets.
Electrical Solutions Growth: Electrical Solutions segment reported 3% organic growth with 190 basis points of margin expansion, led by data center and renewable markets.
Free Cash Flow Growth: 19% growth in free cash flow, indicating strong cash generation capabilities.
Increased Full Year Guidance: Raised full year guidance to $16.35 to $16.55, reflecting confidence in continued growth and performance.
Negative
Telecom Sales Decline: 1. Declining Telecom Market: The Telecom segment experienced a significant decline of 30% in sales during Q3 2024, continuing a trend of weakness that has persisted longer than anticipated.
Organic Sales Challenges: 2. Organic Sales Decline: Overall organic sales for the Utility Solutions segment were down 4% in Q3 2024, indicating challenges in customer inventory normalization and demand.
Hurricane Impact on Operations: 3. Storm-Related Disruptions: The company lost approximately $5 million in shipments due to facility closures from hurricanes, which negatively impacted operational performance in the quarter.
Weak Industrial Market Performance: 4. Weak Performance in Heavy Industrial and Commercial Markets: The heavy industrial and commercial markets showed modest contributions, with demand remaining soft, particularly in sectors like steel production.
Sales Volume Decline Expected: 5. Lower Sales Volume Expectations: The company anticipates lower sales volume in the fourth quarter due to ongoing inventory destocking by utility customers, which may affect overall revenue growth.
HUBB FAQs
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HUBB Earning Call Sentiment
Hubbell Incorporated (HUBB) Q3 2024 Earnings Call Transcript
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00:00
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HUBB.N
-2.15%Positive
The earnings call summary highlights strong financial performance with a 14% increase in EPS, 19% growth in operating profit, and positive margin expansion. Despite some challenges in the telecom sector and supply chain disruptions, the company raised its full-year EPS outlook and showed robust free cash flow growth. The Q&A section confirmed positive pricing across segments and confidence in managing storm impacts. While there are competitive pressures and economic challenges, the overall sentiment is positive due to strong operational performance and optimistic future guidance.
