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Hub Group (HUBG)
NASDAQ:HUBG
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.48Last Year’s EPS
$0.54Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -1.31%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong intermodal volume growth, strategic initiatives like the EASO joint venture, and effective capital allocation, but it also noted revenue declines and significant network alignment costs. Despite challenges in Final Mile, the company is optimistic about future growth supported by market recovery.Company Guidance
In the Hub Group's third-quarter 2024 earnings call, executives Phillip Yeager and Kevin Beth highlighted several key metrics and strategic initiatives impacting the company's outlook. They reported a 12% year-over-year increase in intermodal volumes, despite a 16% decline in revenue per load due to mix, fuel, and pricing factors. The company returned $91 million to shareholders year-to-date through share repurchases and dividends. Hub Group's network alignment initiative incurred costs of $8.4 million in Q3, expected to decrease to $3.5-$4.5 million in Q4, aiming for a 100 basis point expansion in operating margins in their Logistics segment. The newly formed joint venture with EASO, Mexico's largest intermodal marketing company, was highlighted as a strategic move to enhance cross-border logistics capabilities. Financially, Hub Group reported Q3 revenue of $987 million and an adjusted operating margin of 4.3%, with expectations of full-year revenue around $4 billion and adjusted EPS between $1.85 and $1.95 per diluted share. The call also noted ongoing cost management efforts and strong performance in intermodal and logistics segments despite market challenges.Intermodal Volume Growth
Intermodal volumes increased 12% year-over-year, with strong growth in Local East (39%) and Mexico (58%).
EASO Joint Venture
Hub Group announced a new joint venture with EASO, the largest intermodal marketing company in Mexico, which is expected to be immediately accretive to earnings.
Capital Allocation Initiatives
Hub Group returned $91 million to shareholders year-to-date through share repurchases and dividends.
Improved Operating Margins
Adjusted operating income margin improved by 10 basis points year-over-year to 4.3%.
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HUBG 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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HUBG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $43.64 | $43.28 | -0.82% |
| Aug 01, 2024 | $45.96 | $42.31 | -7.94% |
| Apr 25, 2024 | $39.86 | $39.61 | -0.63% |
| Feb 01, 2024 | $44.69 | $43.85 | -1.88% |
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 Hub Group (HUBG) report earnings?
Hub Group (HUBG) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Hub Group (HUBG) earnings time?
Hub Group (HUBG) earnings time is at Jan 30, 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 HUBG EPS forecast?
HUBG EPS forecast for the fiscal quarter 2024 (Q4) is $0.48.
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