Hubbell has gotten torched over the last six months - since October 2024, its stock price has dropped 22.3% to $332.12 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Companies that consistently increase their sales, margins, or returns on capital are usually rewarded with the best returns,
and those that can do all three for years on end are almost always the legendary stocks that return 100 times your money.
Electrical and electronic products company Hubbell (NYSE:HUBB) missed Wall Street’s revenue expectations in Q4 CY2024, with sales flat year on year at $1.33 billion. Its non-GAAP profit of $4.10 per share was 2.1% above analysts’ consensus estimates.
U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world’s two largest economies.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Hubbell (NYSE:HUBB) and its peers.
Since January 2020, the S&P 500 has delivered a total return of 81.4%. But one standout stock has more than doubled the market - over the past five years, Hubbell has surged 179% to $415.01 per share. Its momentum hasn’t stopped as it’s also gained 13.4% in the last six months, beating the S&P by 6.1%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Atkore (NYSE:ATKR).
Looking back on electrical systems stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Benchmark Electronics (NYSE:BHE) and its peers.
Electrical and electronic products company Hubbell (NYSE:HUBB) fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 4.9% year on year to $1.44 billion. Its non-GAAP profit of $4.49 per share wasin line with analysts’ consensus estimates.
