Hubbell (NYS: HUBB) reported earnings on Oct. 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Hubbell missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Margins grew across the board.
Hubbell reported revenue of $789.7 million. The eight analysts polled by S&P Capital IQ anticipated net sales of $813.9 million on the same basis. GAAP reported sales were 3.3% higher than the prior-year quarter's $764.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.45. The nine earnings estimates compiled by S&P Capital IQ forecast $1.44 per share. GAAP EPS of $1.45 for Q3 were 5.8% higher than the prior-year quarter's $1.37 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.0%, 100 basis points better than the prior-year quarter. Operating margin was 17.1%, 70 basis points better than the prior-year quarter. Net margin was 11.0%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $774.8 million. On the bottom line, the average EPS estimate is $1.24.
Next year's average estimate for revenue is $3.10 billion. The average EPS estimate is $5.02.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hubbell is outperform, with an average price target of $87.29.
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The article Hubbell Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.
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