NASDAQ$HUBG
Hub Group Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Hub Group reported first quarter results with revenue of $1.0 billion and diluted earnings per share of $0.44.
Hub Group's first quarter 2024 results showed a net income of $27 million and diluted earnings per share of $0.44. Revenue reached $1.0 billion, aligning with the previous quarter's performance despite seasonal declines and challenging market conditions. The company's operating income margin was 3.7% of revenue.
- First quarter revenue was $1.0 billion, consistent with the previous quarter despite seasonal declines.
- Operating income margin improved to 3.7% due to yield management, cost containment, and operating efficiency initiatives.
- The company is focused on diversifying its business and managing costs for long-term earnings stability and growth.
- Completed a 2-for-1 stock split, purchased $26 million of HUBG shares, and paid the company’s first quarterly cash dividend.
Headline financials
Revenue & EPS history
Hub Group · Revenue · Quarterly
$999M
Forward guidance
Hub Group expects diluted earnings per share to range from $1.80 to $2.25 for 2024. They estimate revenue of approximately $4.3 to $4.7 billion for the full year and project an effective tax rate of approximately 24%.
Tailwinds
- Diluted earnings per share expected to range from $1.80 to $2.25 for 2024.
- Revenue estimated at approximately $4.3 to $4.7 billion for the full year.
- Effective tax rate projected at approximately 24%.
- Capital expenditures expected in the range of $45 million to $65 million.
- Focus on cost management.
Headwinds
- Challenging market conditions.
- Impact of the January winter storm.
- Lower volumes in ITS and brokerage.
- Lower fuel revenue.
- Start-up costs and a larger than expected auto claim settlement in Dedicated line of business.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.3%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+4.2%
Avg return
30 days after
61%
42 / 69 earnings
Positive
+14.0%
Q3 2017
Best reaction
-16.0%
Q2 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +2.1% | +3.4% | +24.2% | |
| Q4 2025 | +1.5% | +3.7% | +24.8% | |
| Q3 2025 | -0.6% | -0.7% | +8.0% | |
| Q2 2025 | -4.3% | +0.9% | +6.9% | |
| Q1 2025 | +0.4% | +7.1% | +1.7% | |
| Q4 2024 | -4.2% | -2.7% | -9.1% | |
| Q3 2024 | -0.2% | +1.3% | +18.7% | |
| Q2 2024 | -9.1% | -8.3% | +0.8% | |
| Q1 2024 | -0.2% | +0.6% | +8.1% | |
| Q4 2023 | -2.1% | -1.9% | -6.8% | |
| Q3 2023 | -5.1% | -6.9% | +2.0% | |
| Q2 2023 | +3.4% | +3.3% | -7.6% | |
| Q1 2023 | -2.7% | -2.7% | -4.0% | |
| Q4 2022 | +10.4% | +12.4% | +6.2% | |
| Q3 2022 | +2.8% | +5.8% | +9.9% | |
| Q2 2022 | +5.8% | +7.2% | +2.5% | |
| Q1 2022 | +3.8% | +14.0% | +13.5% | |
| Q4 2021 | +7.9% | +7.0% | +10.4% | |
| Q3 2021 | +1.9% | +4.2% | +6.0% | |
| Q2 2021 | +3.7% | +4.5% | +9.0% | |
| Q1 2021 | +1.6% | +7.0% | -2.2% | |
| Q4 2020 | +4.4% | +6.7% | +11.1% | |
| Q3 2020 | +1.3% | +3.9% | +12.1% | |
| Q2 2020 | +3.2% | +2.9% | +6.0% | |
| Q1 2020 | -15.6% | -12.2% | -7.1% | |
| Q4 2019 | +7.8% | +0.2% | -17.3% | |
| Q3 2019 | -7.7% | -1.6% | +2.9% | |
| Q2 2019 | +11.7% | +6.1% | +6.3% | |
| Q1 2019 | +0.5% | +11.4% | -5.7% | |
| Q4 2018 | -0.9% | -0.4% | -7.0% | |
| Q3 2018 | +11.6% | +12.6% | +5.5% | |
| Q2 2018 | +10.0% | +15.0% | +13.9% | |
| Q1 2018 | -0.3% | +0.8% | +15.7% | |
| Q4 2017 | -5.7% | +0.1% | -2.8% | |
| Q3 2017 | +14.0% | +10.6% | +13.5% | |
| Q2 2017 | -16.0% | -15.5% | -6.1% | |
| Q1 2017 | -0.7% | -3.6% | -14.2% | |
| Q4 2016 | +7.9% | +6.4% | +11.5% | |
| Q3 2016 | -10.3% | -8.5% | +9.2% | |
| Q2 2016 | -0.0% | +1.1% | -1.1% | |
| Q1 2016 | +6.3% | — | — | |
| Q4 2015 | +10.2% | — | — | |
| Q3 2015 | +8.7% | — | — | |
| Q2 2015 | +8.4% | — | — | |
| Q1 2015 | +8.1% | — | — | |
| Q4 2014 | +7.1% | — | — | |
| Q3 2014 | +3.0% | — | — | |
| Q2 2014 | -5.1% | — | — | |
| Q1 2014 | +6.0% | — | — | |
| Q4 2013 | +3.2% | — | — | |
| Q3 2013 | +2.8% | — | — | |
| Q2 2013 | +6.5% | — | — | |
| Q1 2013 | -5.6% | — | — | |
| Q4 2012 | -0.5% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q1 2012 | +0.3% | — | — | |
| Q2 2011 | -0.7% | — | — | |
| Q4 2011 | -0.7% | — | — | |
| Q3 2011 | -1.1% | — | — | |
| Q4 2010 | -3.9% | — | — | |
| Q1 2010 | -0.4% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q4 2008 | +2.1% | — | — | |
| Q3 2010 | +0.4% | — | — | |
| Q3 2009 | +0.4% | — | — | |
| Q2 2009 | +1.0% | — | — | |
| Q2 2010 | +1.0% | — | — | |
| Q4 2009 | +1.0% | — | — |
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