Hub Group cuts FY24 adjusted EPS view to $1.75-$2.05 from $1.80-$2.25

Consensus $1.96. Cuts FY24 revenue view to $4B-$4.3B from $4.3B-$4.7B, consensus $4.37B. The company said, “We expect our 2024 diluted earnings per share will range from $1.75 to $2.05. We estimate revenue of approximately $4.0 to $4.3 billion for the full year. We continue to project an effective tax rate of approximately 24% and capital expenditures in the range of $45 million to $65 million for the full year.”