Hub Group Q2 EPS $1.44 Beats $1.38 Estimate, Sales $1.04B Miss $1.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hub Group (NASDAQ:HUBG) reported Q2 earnings of $1.44 per share, beating the analyst consensus estimate of $1.38 by 4.35%. However, this is a 52.48% decrease from the same period last year. The company's quarterly sales were $1.04 billion, missing the analyst consensus estimate of $1.12 billion by 7.14%, and marking a 25.77% decrease from the same period last year.
July 27, 2023 | 8:06 pm
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Hub Group's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Hub Group's earnings beat estimates, which is positive. However, the significant YoY decrease in both earnings and sales, as well as the missed sales estimate, are negative indicators that could impact the company's stock price negatively in the short term.
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