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Golf Clap for Hubbell

By Seth Jayson - Updated Apr 10, 2017 at 1:47PM

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Just the facts, Fool.

Hubbell (NYSE: HUBB) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Hubbell met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased slightly. GAAP earnings per share grew.

Gross margins contracted, operating margins dropped, net margins grew.

Revenue details
Hubbell logged revenue of $740.1 million. The seven analysts polled by S&P Capital IQ predicted a top line of $742.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.10. The eight earnings estimates compiled by S&P Capital IQ forecast $1.10 per share. GAAP EPS of $1.10 for Q1 were 4.8% higher than the prior-year quarter's $1.05 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 31.9%, 40 basis points worse than the prior-year quarter. Operating margin was 13.2%, 90 basis points worse than the prior-year quarter. Net margin was 8.9%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $801.7 million. On the bottom line, the average EPS estimate is $1.32.

Next year's average estimate for revenue is $3.19 billion. The average EPS estimate is $5.44.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hubbell is outperform, with an average price target of $98.57.

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