NASDAQ$HUBG
Hub Group Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported record revenue and profit, supported customers with high service levels and innovative supply chain solutions, and achieved record quarterly diluted EPS.
Hub Group reported a strong second quarter with a 43% increase in revenue to $1.4 billion and diluted earnings per share of $3.03, nearly four times the prior year's EPS. The company benefited from yield improvement, operating efficiency, and growth across its Intermodal and Transportation Solutions, Truck Brokerage, and Logistics segments.
- Second quarter revenue increased by 43% to $1.4 billion compared to the previous year.
- Diluted earnings per share reached a record $3.03, nearly four times the prior year's.
- Intermodal and Transportation Solutions revenue increased by 41% to $873 million.
- Truck Brokerage revenue grew by 90% to $266 million due to the acquisition of Choptank Transport and organic growth.
Headline financials
Revenue & EPS history
Hub Group · Revenue · Quarterly
$1.4B
Forward guidance
The company expects full year 2022 diluted earnings per share to range from $10.00 to $10.50 and revenue to be $5.6-$5.7 billion.
Tailwinds
- Full year 2022 diluted earnings per share expected to range from $10.00 to $10.50.
- Full year 2022 revenue estimated to be $5.6-$5.7 billion.
- Gross margin as a percentage of revenue expected to range from 15.8% to 16.0%.
- Effective tax rate for the year projected to be 24-25%.
- Company remains focused on disciplined cost and capital structure.
Headwinds
- Some level of uncertainty acknowledged looking forward to 2023.
- Costs and expenses expected to range from $415 to $430 million for the year.
- Capital expenditures for 2022 expected to range from $240 to $250 million.
- General or regional economic conditions and health concerns.
- The effect of the ongoing COVID-19 pandemic
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 Q2 2022
+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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