Hubbell Q3 2024 Adj EPS $4.49 Beats $4.45 Estimate, Sales $1.44B Miss $1.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hubbell reported Q3 2024 earnings per share of $4.49, surpassing the analyst estimate of $4.45, marking a 13.67% increase from last year. However, sales were $1.44 billion, missing the $1.48 billion estimate, though up 4.80% from last year.
October 29, 2024 | 11:31 am
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NEUTRAL IMPACT
Hubbell's Q3 2024 earnings per share exceeded expectations, but sales fell short of estimates. The EPS of $4.49 beat the $4.45 estimate, showing strong profitability growth. However, sales of $1.44 billion missed the $1.48 billion estimate, indicating potential challenges in revenue growth.
The positive EPS surprise suggests strong profitability, which is favorable for the stock. However, the sales miss indicates potential issues in revenue growth, balancing the overall impact. The market may react neutrally as the earnings beat offsets the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100