Hub Group, Inc. (NASDAQ:HUBG) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, HUBG to report 3Q20 income of $ 0.63 per share.
For the full year, analysts anticipate top line of $ 3405.88 million, while looking forward to income of $ 2.18 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.39 ~ $ 3.60 per share
Click Here For More Historical Outlooks Of Hub Group, Inc.
Previous Quarter Performance
Hub Group, Inc. disclosed income for the second quarter of $ 0.60 per share, from the revenue of $ 779.24 million. The quarterly earnings fell 31.03 percent while revenues fell 19.84 percent compared with the same quarter last year.
According to street consensus, HUBG was expected to report 2Q20 income of $ 0.23 per share from revenue of $ 782.42 million. The bottom line results beat street analysts by $ 0.37 or 160.87 percent, at the same time, top line results fell short of analysts by $ 3.18 million or 0.41 percent.
Stock Performance
Shares of Hub Group, Inc. traded low $ -1.75 or -3.41 percent on Wednesday, reaching $ 49.51 with volume of 214.10 thousand shares. Hub Group, Inc. has traded high as $ 50.45 and has cracked $ 47.52 on the downward trend
According to the previous trading day, closing price of $ 49.51, representing a 40.40 % increase from the 52 week low of $ 36.51 and a 15.16 % decrease over the 52 week high of $ 60.42.
The company has a market capital of $ 1.69 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 24th September 2020, initiated by Wells Fargo & Co at Overweight rating, with $ 61.00 target price.
Conference Call
Hub Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hubgroup.com
Hub Group, Inc., an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers freight in containers and trailers over long distances. The company contracts with railroads to provide transportation for the long-haul portion of the shipment between origin or destination and rail terminals for pickup and delivery; and negotiates drayage rates for the transportation between origin and destination points.
