Hubbell Inc reports results for the quarter ended in September 30 - Earnings Summary

• Hubbell Inc HUBB.N reported quarterly adjusted earnings of $4.49​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $3.95. The mean expectation of twelve analysts for the quarter was for earnings of $4.45 per share. Wall Street expected results to range from $4.39 to $4.56 per share.

• Revenue rose 4.9% to $1.44 billion from a year ago; analysts expected $1.48 billion.

• Hubbell Inc's reported EPS for the quarter was $4.05​.

• The company reported quarterly net income of $219.4 million.

• Hubbell Inc shares had risen by 5.0% this quarter and gained 36.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electrical components & equipment peer group is "hold."

Wall Street's median 12-month price target for Hubbell Inc is $447.50

This summary was machine generated from LSEG data October 29 at 02:16 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)