Hubbell (HUBB) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - The market anticipates Hubbell (HUBB) will report a year-over-year increase in earnings driven by higher revenues when it releases its quarterly results for the period ending September 2024, with the earnings report expected on October 29, 2024 [1] Earnings Expectations - Hubbell is projected to post quarterly earnings of $4.47 per share, reflecting a year-over-year increase of +13.2% [2] - Revenues are expected to reach $1.48 billion, representing a 7.7% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 0.47% lower over the last 30 days, indicating a reassessment by analysts [3] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Hubbell is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.92%, suggesting a bullish outlook on earnings prospects [4][6] - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] Historical Performance - In the last reported quarter, Hubbell exceeded the expected earnings of $4.23 per share by delivering $4.37, resulting in a surprise of +3.31% [7] - Over the past four quarters, Hubbell has beaten consensus EPS estimates three times [7] Conclusion - Hubbell is positioned as a compelling candidate for an earnings beat, although other factors should also be considered when evaluating the stock ahead of its earnings release [8]