Hubbell Incorporated Prepares for Q1 2025 Earnings Release

Hubbell Incorporated (HUBB), valued at a market capitalization of $19 billion, is a global leader in manufacturing electrical products and utility solutions tailored for various customer needs and market applications. The company is headquartered in Shelton, Connecticut, and operates through two main segments: Electrical Solutions and Utility Solutions.

Upcoming Earnings Expectations

The company is set to announce its Q1 2025 earnings before the market opens on Thursday, May 1. Analysts anticipate HUBB will report adjusted earnings of $3.74 per share. This figure represents a growth of 3.9% from $3.60 per share reported in the same quarter last year. Notably, HUBB has outperformed Wall Street’s expectations for net income in each of the previous four quarters.

Fiscal 2025 and Beyond: Financial Outlook

For fiscal 2025, analysts project that Hubbell will report adjusted EPS of $17.55, indicating a 5.9% increase compared to the $16.57 reported in fiscal 2024. Furthermore, earnings are expected to rise an additional 7.5% year-over-year to $18.87 per share by fiscal 2026.

Recent Performance and Market Comparison

Over the past year, shares of HUBB have declined by 12.8%, significantly underperforming relative to the S&P 500 Index, which has gained 5.5%, and the Industrial Select Sector SPDR Fund (XLI) that returned 3.3% during the same period.

Q4 2024 Results Overview

After releasing its mixed Q4 2024 results on February 4, shares fell by 1.9%. The company reported net sales of $1.3 billion, a decline of 1% year-over-year, missing analyst projections. The decline in organic sales of 3% was somewhat mitigated by acquisition contributions that provided a 3% boost. On a brighter note, adjusted EPS reached $4.10, showing an 11.1% year-over-year increase and exceeding the expected estimate of $4.02.

Moreover, HUBB remains optimistic for 2025, projecting total and organic sales growth of 4% to 5%. The company estimates adjusted EPS will range from $17.35 to $17.85, up from the fiscal 2024 figure of $16.57.

Analysts’ Recommendations and Price Targets

The consensus among analysts for HUBB is moderately optimistic, holding an overall “Moderate Buy” rating. Among the 11 analysts covering the stock, four suggest a “Strong Buy,” while eight recommend a “Hold” rating. The average price target of $439.44 implies a 25.4% premium over current trading levels.

On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

The views and opinions expressed herein reflect those of the author and do not necessarily represent those of Nasdaq, Inc.