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Hub Group's Preliminary Guidance Suggests Weaker Margin Performance For Select Intermodal Capacity Providers [Seeking Alpha]

HUB GROUP (HUBG)  More Company Research Source: Seeking Alpha
Last hub group earnings: 8/1 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: hubgroup.gcs-web.com/investor-relations
PDF Summary Source: Google Images After the stock market closed on April 10th, Hub Group (NASDAQ: HUBG ) provided preliminary first quarter guidance. The important fact from this information was the reduced diluted earnings guidance for the first quarter, greater than 30 percent at the midpoint from analyst estimates. Guidance was also reduced by 30 percent for the entire fiscal year for diluted earnings when considering the revised midpoint. Analysts were looking for an eight percent gain from 2016 at around $2.40 per share. Hub Group explained that the driver for the decline stems from a more extreme competitive pricing environment for intermodal capacity providers. The company now anticipates a decline in gross margin by approximately seven million, with operating expense totaling $84.5 million. These estimates would lead to a $16.9 million operating profit, a 41 percent decline from last year. Hub Group also guided for a 37 percent tax rate. Applying [Read more]

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