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Hubbell B (DE:HUEC)
FRANKFURT:HUEC
Holding DE:HUEC?
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€3.85Last Year’s EPS
€3.54Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 1.76%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong performance across segments, successful portfolio transformation efforts, and a favorable outlook for future growth. However, challenges in the Telecom market and storm-related disruptions were noted as concerns.Company Guidance
During the third quarter of 2024, Hubbell Incorporated delivered a robust performance, achieving a 14% year-over-year growth in adjusted earnings per share and operating profit, alongside a 180 basis point expansion in adjusted operating margin. The company reported a 5% increase in sales, driven by a 6% contribution from net M&A activities, although organic sales slightly decreased. The Utility Solutions segment saw 11% sales growth, with grid infrastructure growing by 15% and grid automation by mid-single digits. The Electrical Solutions segment reported a 3% organic sales increase and a 190 basis point improvement in adjusted operating margin. Despite challenges, such as weak telecom markets and inventory normalization in utility distribution, Hubbell raised its full-year outlook and remains optimistic about double-digit adjusted operating profit growth for 2024. The company is strategically positioned to capitalize on grid modernization and electrification trends, with expectations for sustained GDP+ growth in the coming years.Strong Operating Performance
Hubbell delivered 14% year-over-year adjusted earnings per share and operating profit growth, along with 180 basis points of adjusted operating margin expansion.
Utility Solutions Growth
Utility Solutions segment showed strong growth driven by grid modernization and electrification, with transmission, substation, and grid automation markets contributing significantly.
Electrical Solutions Performance
Electrical Solutions segment reported solid organic growth and 190 basis points of adjusted operating margin expansion, supported by data center and renewable markets.
Successful Portfolio Transformation
Acquisition of higher-margin, higher-growth businesses such as Systems Control, and the disposal of lower-growth, lower-margin business like residential lighting.
Systems Control Contribution
Systems Control is showing strong growth and attractive margins, with a healthy backlog providing visibility into 2025.
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DE:HUEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:HUEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | €408.81 | €412.80 | +0.98% |
| Jul 30, 2024 | €333.96 | €347.88 | +4.17% |
| Apr 30, 2024 | €374.52 | €374.52 | 0.00% |
| Jan 30, 2024 | €296.24 | €300.19 | +1.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hubbell B (DE:HUEC) report earnings?
Hubbell B (DE:HUEC) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Hubbell B (DE:HUEC) earnings time?
Hubbell B (DE:HUEC) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Hubbell B stock?
The P/E ratio of Hubbell B is N/A.
What is DE:HUEC EPS forecast?
DE:HUEC EPS forecast for the fiscal quarter 2024 (Q4) is €3.85.
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