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The Zacks Consensus Estimate for the company’s fourth quarter has been revised upward by 4.3% in the past 90 days. The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters, the average beat being 10.6%.
Let’s see how things are shaping up for Hubbell this earnings season.
Hubbell’s fourth-quarter performance is expected to have benefited from strong demand for products owing to grid modernization and electrification.
With customers investing in critical grid infrastructure modernization broadband and fiber network upgrades, higher orders and volumes are likely to have driven the Utility Solutions segment’s performance. The Zacks Consensus Estimate for Utility Solutions segment revenues indicates a 15.3% rise from the year-ago reported number.
Strong industrial growth and strength across the datacenter, communications and renewables markets are expected to have boosted revenues at the Electrical Solutions unit. The consensus mark for Electrical Solutions revenues suggests a 6.1% increase from the year-ago reported number.
However, high freight, logistics and manufacturing costs and supply-chain disruptions are likely to have hampered Hubbell’s bottom-line performance in the fourth quarter.
What Does the Zacks Model Say?
Our proven model does not conclusively predict an earnings beat for Hubbell this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates, which is not the case here, as elaborated below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Hubbell has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $2.41. You can uncover the best stocks with our Earnings ESP Filter.
Zacks Rank: Hubbell presently carries a Zacks Rank #3.
Highlights of Q3 Earnings
Hubbell reported third-quarter 2022 earnings of $3.08 per share, which beat the Zacks Consensus Estimate of $2.73 per share. Revenues of $1.32 billion surpassed the Zacks Consensus Estimate by 5.09%. The top and bottom lines increased year over year with higher volumes and price realization.
Stocks to Consider
Here are some companies you may want to consider from the Zacks Industrial Products sector, as our model shows that these have the right combination of elements to post an earnings beat this season:
Caterpillar (CAT - Free Report) has an Earnings ESP of +1.14% and a Zacks Rank #3. The company is scheduled to release fourth-quarter earnings numbers on Jan 31.
The Zacks Consensus Estimate for Caterpillar’s fourth-quarter earnings has been revised upward by 17.6% in the past 90 days. CAT pulled off a trailing four-quarter earnings surprise of 14.7%, on average.
IDEX Corporation (IEX - Free Report) has an Earnings ESP of +2.96% and a Zacks Rank #2. The company is slated to release fourth-quarter financial numbers on Jan 31.
The Zacks Consensus Estimate for IDEX’s fourth-quarter earnings has been revised upward by 2.1% in the past 90 days. IEX delivered a trailing four-quarter earnings surprise of 5.7%, on average.
Xylem (XYL - Free Report) has an Earnings ESP of +2.10% and a Zacks Rank #3. The company is set to release fourth-quarter results on Feb 7.
The Zacks Consensus Estimate for Xylem’s fourth-quarter earnings has been revised upward by a penny in the past 90 days. XYL pulled off a trailing four-quarter earnings surprise of 13.3%, on average.
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What's in the Offing for Hubbell (HUBB) in Q4 Earnings?
Hubbell Incorporated (HUBB - Free Report) is scheduled to release fourth-quarter 2022 results on Jan 31, before market open.
The Zacks Consensus Estimate for the company’s fourth quarter has been revised upward by 4.3% in the past 90 days. The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters, the average beat being 10.6%.
Let’s see how things are shaping up for Hubbell this earnings season.
Hubbell Inc Price and EPS Surprise
Hubbell Inc price-eps-surprise | Hubbell Inc Quote
Factors to Note
Hubbell’s fourth-quarter performance is expected to have benefited from strong demand for products owing to grid modernization and electrification.
With customers investing in critical grid infrastructure modernization broadband and fiber network upgrades, higher orders and volumes are likely to have driven the Utility Solutions segment’s performance. The Zacks Consensus Estimate for Utility Solutions segment revenues indicates a 15.3% rise from the year-ago reported number.
Strong industrial growth and strength across the datacenter, communications and renewables markets are expected to have boosted revenues at the Electrical Solutions unit. The consensus mark for Electrical Solutions revenues suggests a 6.1% increase from the year-ago reported number.
However, high freight, logistics and manufacturing costs and supply-chain disruptions are likely to have hampered Hubbell’s bottom-line performance in the fourth quarter.
What Does the Zacks Model Say?
Our proven model does not conclusively predict an earnings beat for Hubbell this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates, which is not the case here, as elaborated below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Hubbell has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $2.41. You can uncover the best stocks with our Earnings ESP Filter.
Zacks Rank: Hubbell presently carries a Zacks Rank #3.
Highlights of Q3 Earnings
Hubbell reported third-quarter 2022 earnings of $3.08 per share, which beat the Zacks Consensus Estimate of $2.73 per share. Revenues of $1.32 billion surpassed the Zacks Consensus Estimate by 5.09%. The top and bottom lines increased year over year with higher volumes and price realization.
Stocks to Consider
Here are some companies you may want to consider from the Zacks Industrial Products sector, as our model shows that these have the right combination of elements to post an earnings beat this season:
Caterpillar (CAT - Free Report) has an Earnings ESP of +1.14% and a Zacks Rank #3. The company is scheduled to release fourth-quarter earnings numbers on Jan 31.
The Zacks Consensus Estimate for Caterpillar’s fourth-quarter earnings has been revised upward by 17.6% in the past 90 days. CAT pulled off a trailing four-quarter earnings surprise of 14.7%, on average.
IDEX Corporation (IEX - Free Report) has an Earnings ESP of +2.96% and a Zacks Rank #2. The company is slated to release fourth-quarter financial numbers on Jan 31.
The Zacks Consensus Estimate for IDEX’s fourth-quarter earnings has been revised upward by 2.1% in the past 90 days. IEX delivered a trailing four-quarter earnings surprise of 5.7%, on average.
Xylem (XYL - Free Report) has an Earnings ESP of +2.10% and a Zacks Rank #3. The company is set to release fourth-quarter results on Feb 7.
The Zacks Consensus Estimate for Xylem’s fourth-quarter earnings has been revised upward by a penny in the past 90 days. XYL pulled off a trailing four-quarter earnings surprise of 13.3%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.