Hub Group Cuts 2023 EPS Outlook From $6.00-$7.00 To $5.80-$6.40 (Est. $6.26), Revenue From $4.6B-$4.8B To $4.3B-$4.5B (Est. $4.64B)
Portfolio Pulse from Benzinga Newsdesk
Hub Group has revised its 2023 EPS outlook downwards from $6.00-$7.00 to $5.80-$6.40, against an estimated $6.26. The company also reduced its revenue forecast from $4.6B-$4.8B to $4.3B-$4.5B, compared to an estimated $4.64B.
July 27, 2023 | 9:44 pm
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NEGATIVE IMPACT
Hub Group's downward revision of its 2023 EPS and revenue outlook could negatively impact its stock price in the short term.
Hub Group's downward revision of its 2023 EPS and revenue outlook indicates potential financial challenges, which could lead to a decrease in investor confidence and a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100