Hubbell Q1 2024 Adj EPS $3.60 Beats $3.54 Estimate, Sales $1.399B Beat $1.392B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hubbell reported Q1 2024 adjusted EPS of $3.60, surpassing the $3.54 estimate, with sales of $1.399B also beating the $1.392B estimate, marking an 8.88% increase from the previous year.
April 30, 2024 | 11:32 am
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POSITIVE IMPACT
Hubbell's Q1 2024 earnings exceeded expectations with an EPS of $3.60 against a $3.54 estimate and sales of $1.399B beating the $1.392B forecast.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. The reported growth over the previous year further strengthens the case for a positive impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100