Hubbell Third Quarter 2024 Earnings: Misses Expectations

Hubbell (NYSE:HUBB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.44b (up 4.9% from 3Q 2023).
• Net income: US$219.4m (up 9.9% from 3Q 2023).
• Profit margin: 15% (in line with 3Q 2023).
• EPS: US$4.08 (up from US$3.72 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hubbell Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 1.0%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

Be aware that Hubbell is showing 1 warning sign in our investment analysis that you should know about...

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