Hub Group Q4 EPS $0.46 Misses $0.51 Estimate, Sales $985.02M Miss $992.79M Estimate
Portfolio Pulse from bharat@benzinga.com
Hub Group (NASDAQ:HUBG) reported Q4 earnings of $0.46 per share, missing the consensus estimate of $0.51, marking an 80.99% decrease from last year's $2.42. Sales were $985.02M, also below the $992.79M estimate, representing a 23.40% year-over-year decline.
February 01, 2024 | 9:09 pm
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NEGATIVE IMPACT
Hub Group reported lower than expected Q4 earnings and sales, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with such a significant year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100