The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hubbell beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins expanded, and net margins grew.
Hubbell recorded revenue of $740.0 million. The six analysts polled by S&P Capital IQ anticipated sales of $708.2 million. Sales were 16% higher than the prior-year quarter's $639.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $1.17. The eight earnings estimates compiled by S&P Capital IQ anticipated $1.10 per share. GAAP EPS of $1.17 for Q4 were 44% higher than the prior-year quarter's $0.82 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 31.9%, 40 basis points worse than the prior-year quarter. Operating margin was 14.8%, 60 basis points better than the prior-year quarter. Net margin was 9.5%, 170 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $700.7 million. On the bottom line, the average EPS estimate is $0.96.
Next year's average estimate for revenue is $3.02 billion. The average EPS estimate is $4.86.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hubbell is outperform, with an average price target of $69.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Hubbell. Learn how to maximize your investment income and "Secure Your Future With 11 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Hubbell to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.