Hubbell(US:HUBB) ZACKSยท2024-10-29 13:41Company Performance - Hubbell reported quarterly earnings of $4.49 per share, exceeding the Zacks Consensus Estimate of $4.47 per share, and up from $3.95 per share a year ago, representing an earnings surprise of 0.45% [1] - The company posted revenues of $1.44 billion for the quarter ended September 2024, which was 2.60% below the Zacks Consensus Estimate, but an increase from $1.38 billion year-over-year [2] - Over the last four quarters, Hubbell has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance - Hubbell shares have increased approximately 36.7% since the beginning of the year, outperforming the S&P 500's gain of 22.1% [3] - The current Zacks Rank for Hubbell is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $4.01 on revenues of $1.44 billion, and for the current fiscal year, it is $16.43 on revenues of $5.77 billion [7] - The outlook for the Manufacturing - Electrical Utilities industry, where Hubbell operates, is currently in the top 41% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]