Hubbell Inc reports results for the quarter ended March 31 - Earnings Summary

• Hubbell Inc HUBB.N reported quarterly adjusted earnings of $3.50​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $3.60. The mean expectation of thirteen analysts for the quarter was for earnings of $3.72 per share. Wall Street expected results to range from $3.65 to $3.84 per share.

• Revenue fell 2.4% to $1.37 billion from a year ago; analysts expected $1.39 billion.

• Hubbell Inc's reported EPS for the quarter was $3.15​.

• The company reported quarterly net income of $169.4 million.

• Hubbell Inc shares had risen by 9.8% this quarter and lost 13.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Hubbell Inc is $416.50

This summary was machine generated from LSEG data May 1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)