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Valued at a market cap of $23.1 billion, Hubbell Incorporated (HUBB) designs, manufactures, and sells electrical and utility solutions. The Shelton, Connecticut-based company provides essential components that enable reliable electrical connections, efficient energy distribution, and infrastructure modernization. It is scheduled to announce its fiscal Q3 earnings for 2025 before the market opens on Tuesday, Oct. 28.
Ahead of this event, analysts expect this industrial company to report a profit of $4.99 per share, up 11.1% from $4.49 per share in the year-ago quarter. The company has surpassed Wall Street’s bottom-line estimates in three of the last four quarters, while missing on another occasion. In Q2, HUBB’s EPS of $4.93 exceeded the forecasted figure by a notable margin of 13.1%.
For fiscal 2025, analysts expect HUBB to report a profit of $17.91 per share, up 8.1% from $16.57 per share in fiscal 2024. Furthermore, its EPS is expected to grow 8.5% year-over-year to $19.43 in fiscal 2026.
Shares of HUBB have declined 4% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 14.7% return and the Industrial Select Sector SPDR Fund’s (XLI) 9.9% rise over the same time frame.
Shares of Hubbell plunged 2.5% after its mixed Q2 earnings release on Jul. 29. While the company’s net sales increased 2.2% year-over-year to $1.5 billion, it fell short of Wall Street expectations by 2%, likely lowering investor confidence. Nonetheless, on the upside, its adjusted EPS of $4.93 improved 11% from the year-ago quarter, exceeding consensus estimates by 13.1%.
Wall Street analysts are moderately optimistic about HUBB’s stock, with an overall "Moderate Buy" rating. Among 12 analysts covering the stock, five recommend "Strong Buy," and seven suggest "Hold.” The mean price target for HUBB is $466.22, indicating a 7.4% potential upside from the current levels.
