Why Hubbell (HUBB) is Poised to Beat Earnings Estimates Again

Core Insights - Hubbell (HUBB) is positioned to continue its earnings-beat streak, having surpassed earnings estimates by an average of 8.34% in the last two quarters [1] Earnings Performance - For the most recent quarter, Hubbell reported earnings of $5.17 per share, exceeding the expected $4.99 per share by 3.61% [2] - In the previous quarter, the company reported $4.93 per share against an estimate of $4.36 per share, resulting in a surprise of 13.07% [2] Earnings Estimates and Predictions - Recent estimates for Hubbell have been increasing, with a positive Earnings ESP of +1.55%, indicating bullish sentiment among analysts regarding the company's earnings prospects [5][8] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a high likelihood of another earnings beat [8] Statistical Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]