Stock Story -
Logistics solutions provider Hub Group (NASDAQ:HUBG) will be reporting results tomorrow after market hours. Here's what to look for.
Hub Group missed analysts' revenue expectations by 5.3% last quarter, reporting revenues of $999.5 million, down 13.3% year on year. It was a weak quarter for the company, with a miss of analysts' volume estimates.
Is Hub Group a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Hub Group's revenue to grow 5% year on year to $1.09 billion, a reversal from the 25.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.47 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hub Group has missed Wall Street's revenue estimates six times over the last two years.
Looking at Hub Group's peers in the transportation and logistics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FedEx (NYSE:FDX) posted flat year-on-year revenue, meeting analysts' expectations, and United Parcel Service (NYSE:UPS) reported a revenue decline of 1.1%, falling short of estimates by 1.9%. FedEx traded up 15.5% following the results while United Parcel Service was down 11.5%.
Read the full analysis of FedEx's and United Parcel Service's results on StockStory.
There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 9.4% on average over the last month. Hub Group is up 8.4% during the same time and is heading into earnings with an average analyst price target of $44.5 (compared to the current share price of $46.29).
![Hub Group (HUBG) Q2 Earnings Report Preview: What To Look For](https://d68-invdn-com.investing.com/content/pic23158d3f216784db062d589b4da17d22.jpeg)