Hub Group Narrows FY2024 GAAP EPS Guidance from $1.75-2.05 to $1.85-1.95 vs $1.92 Est; Narrows FY2024 Sales Guidance from $4.00B-4.30B to $4.00B vs $4.12B Est
Portfolio Pulse from Benzinga Newsdesk
Hub Group has revised its FY2024 guidance, narrowing its GAAP EPS range to $1.85-1.95 and sales outlook to $4.00 billion, both slightly below analyst estimates.
October 30, 2024 | 9:16 pm
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Hub Group has adjusted its FY2024 guidance, narrowing its GAAP EPS range to $1.85-1.95, slightly below the $1.92 analyst estimate. The sales outlook is also narrowed to $4.00 billion, below the $4.12 billion estimate.
The narrowing of both EPS and sales guidance to figures below analyst estimates suggests potential challenges in meeting market expectations, which could negatively impact investor sentiment and the stock price in the short term.
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