Hub Group Sees FY23 EPS $5.30-$5.40 Vs $5.99 Est.; Revenue $4.2B Vs $4.31B Est.
Portfolio Pulse from Happy Mohamed
Hub Group has provided its FY23 outlook, expecting diluted earnings per share to range from $5.30 to $5.40, lower than the estimated $5.99. The company also anticipates revenue of approximately $4.2 billion, which is less than the estimated $4.31 billion. Capital expenditures are expected to range from $140 to $150 million.
October 26, 2023 | 8:09 pm
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NEGATIVE IMPACT
Hub Group's FY23 outlook is lower than estimated, which could negatively impact the company's stock price in the short term.
Hub Group's lower than expected earnings per share and revenue for FY23 could lead to a decrease in investor confidence, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100