Hub Group Q1 2024 GAAP EPS $0.44 Beats $0.40 Estimate, Sales $999.493M Miss $1.050B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hub Group (NASDAQ:HUBG) reported Q1 2024 earnings of $0.44 per share, surpassing the $0.40 estimate, but its sales of $999.493M fell short of the $1.050B forecast, marking a 13.24% decrease from the previous year.
April 25, 2024 | 8:44 pm
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Hub Group reported higher-than-expected Q1 2024 earnings per share but missed sales estimates, with a significant year-over-year decrease.
The mixed results with an earnings beat but a miss on sales forecasts and a notable year-over-year sales decline could lead to neutral short-term stock price movement. Investors might weigh the positive earnings performance against the sales miss and decreased sales volume compared to the previous year.
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