Hubbell (HUBB) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Hubbell (HUBB) closed at $319.57, marking a +1.28% move from the previous day. This move outpaced the S&P 500's daily gain of 0.84%. Elsewhere, the Dow gained 0.96%, while the tech-heavy Nasdaq added 0.81%.
Coming into today, shares of the electrical products manufacturer had gained 2.94% in the past month. In that same time, the Industrial Products sector lost 3.16%, while the S&P 500 gained 0.19%.
Wall Street will be looking for positivity from Hubbell as it approaches its next earnings report date. In that report, analysts expect Hubbell to post earnings of $4.01 per share. This would mark year-over-year growth of 30.19%. Meanwhile, our latest consensus estimate is calling for revenue of $1.41 billion, up 7.45% from the prior-year quarter.
HUBB's full-year Zacks Consensus Estimates are calling for earnings of $15.32 per share and revenue of $5.4 billion. These results would represent year-over-year changes of +44.26% and +9.21%, respectively.
It is also important to note the recent changes to analyst estimates for Hubbell. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Hubbell currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Hubbell has a Forward P/E ratio of 20.6 right now. For comparison, its industry has an average Forward P/E of 20.6, which means Hubbell is trading at a no noticeable deviation to the group.
We can also see that HUBB currently has a PEG ratio of 2.06. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Electrical Utilities industry currently had an average PEG ratio of 2.06 as of yesterday's close.
The Manufacturing - Electrical Utilities industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Hubbell Inc (HUBB) : Free Stock Analysis Report
