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

• Hub Group Inc HUBG.OQ reported quarterly adjusted earnings of 44 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of fifteen analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 39 cents to 44 cents per share.

• Revenue fell 8.4% to $915.22 million from a year ago; analysts expected $966.16 million.

• Hub Group Inc's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $26.85 million.

• Hub Group Inc shares had fallen by 14.9% this quarter and lost 29.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is also "hold"

• Wall Street's median 12-month price target for Hub Group Inc is $40.00

This summary was machine generated from LSEG data May 9 at 01:23 a.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)