Hub Group Inc., noted a decline in its profits for the fourth quarter, which fell short of street predictions.
In this financial period, the company's earnings were at $28.8 million, equating to $0.46 per share. This shows a significant decrease compared to the $79.3 million or $1.21 per share recorded in the same quarter the previous year.
It was also noted that the average analyst prediction was that the company would earn $0.51 per share, according to data gathered by Thomson Reuters. Typically, these predictions don't consider special or unusual items.
Hub Group Inc.'s revenue for the quarter also saw a decline, with a 23.6% drop from last year. It fell to $985.0 million, compared to the previous year's $1.29 billion.
In a simple recap of the earnings based on Generally Accepted Accounting Principles (GAAP):
- Earnings for Q4 were at $28.8 million, a steep fall compared to $79.3 million the previous year.
- Earnings per share (EPS) for Q4 were at $0.46, quite lower than the $1.21 recorded last year.
- The Analyst estimate stood at $0.51
- Revenue for Q4 was $985.0 million, a stark contrast to the $1.29 billion from last year.
