Hubbell is set to report earnings tomorrow before market open, with analysts expecting revenue to grow 12.2% year on year to improve from the 2.2% increase recorded in the same quarter last year. The electrical and electronic products company beat revenue expectations last quarter, reporting 1.52 billion dollars, up 11.1% year on year, though full-year EPS guidance slightly missed estimates. Analysts have generally reconfirmed their estimates over the last 30 days, but Hubbell has missed Wall Street revenue estimates multiple times over the last two years. Peers Allegion and Acuity Brands have already reported Q2 results, with Allegion delivering 12.7% revenue growth and Acuity Brands up 1.6%, both beating expectations. Hubbell shares are down 5.6% over the last month, heading into earnings with an average analyst price target of 556.30 dollars compared to the current share price of 486.09 dollars.
Hubbell IncHubbell is set to report earnings tomorrow; analysts expect 12.2% revenue growth, but past misses and recent share decline create uncertainty.
Allegion PLC
Acuity Brands Inc