Hub Group Sees FY24 EPS $1.75-$2.05 Vs $1.99 Est.; Revenue $4.0B-$4.3B Vs $4.37B Est.
Portfolio Pulse from Benzinga Newsdesk
Hub Group has provided its financial guidance for FY24, projecting EPS between $1.75 and $2.05, compared to the estimated $1.99. The company also expects revenue to be between $4.0 billion and $4.3 billion, which is below the estimated $4.37 billion.
August 01, 2024 | 9:39 pm
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NEUTRAL IMPACT
Hub Group's FY24 EPS guidance of $1.75-$2.05 is in line with estimates, but its revenue projection of $4.0B-$4.3B falls short of the $4.37B estimate. This mixed guidance may lead to short-term volatility in the stock price.
The EPS guidance is within the range of estimates, which is neutral. However, the revenue projection is below expectations, which could create some negative sentiment. Overall, the mixed guidance may result in short-term volatility.
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IMPORTANCE 80
RELEVANCE 100