Hubbell (HUBB) Stock Slides as Market Rises: Facts to Know Before You Trade
The latest trading session saw Hubbell (HUBB) ending at $325.11, denoting a -0.1% adjustment from its last day's close. This change lagged the S&P 500's 0.45% gain on the day.
Market participants will be closely following the financial results of Hubbell in its upcoming release. The company is predicted to post an EPS of $3.59, indicating a 38.08% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.31 billion, indicating a 7.63% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.16 per share and a revenue of $5.34 billion, indicating changes of +42.75% and +7.92%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Hubbell. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.14% decrease. As of now, Hubbell holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Hubbell is currently exchanging hands at a Forward P/E ratio of 21.46. This indicates a discount in contrast to its industry's Forward P/E of 21.55.
Meanwhile, HUBB's PEG ratio is currently 2.15. 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 average PEG ratio for the Manufacturing - Electrical Utilities industry stood at 2.15 at the close of the market yesterday.
The Manufacturing - Electrical Utilities industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Hubbell Inc (HUBB) : Free Stock Analysis Report
