Hub Group Inc is a leading logistics and transportation management company that provides comprehensive supply chain solutions to businesses worldwide
The company specializes in intermodal, truckload, and logistics services, offering efficient and cost-effective transportation options that meet the diverse needs of its clients. By leveraging advanced technology and industry expertise, Hub Group helps streamline operations, enhance shipment visibility, and optimize freight management for its customers, ultimately driving business growth and improving operational efficiency. The company is committed to delivering personalized service and innovative solutions tailored to the unique challenges of the logistics landscape.
Hub Group currently trades at $43.96 per share and has shown little upside over the past six months, posting a middling return of 1.7%. The stock also fell short of the S&P 500’s 10% gain during that period.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Hub Group (NASDAQHUBG) and the rest of the air freight and logistics stocks fared in Q3.
Looking back on air freight and logistics stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including United Parcel Service (NYSEUPS) and its peers.
Logistics solutions provider Hub Group (NASDAQHUBG) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 3.7% year on year to $986.9 million. The company’s full-year revenue guidance of $4 billion at the midpoint also came in 2.9% below analysts’ estimates. Its GAAP profit of $0.39 per share was also 18.9% below analysts’ consensus estimates.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page
