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Shelton, Connecticut-based Hubbell Incorporated (HUBB) designs, manufactures, and sells electrical and utility solutions that help customers operate critical infrastructure safely, reliably, and efficiently. Valued at $19.93 billion by market cap, the company’s products include plugs, receptacles, connectors, lighting fixtures, high voltage test and measurement equipment, and voice and data signal processing components. The leading electrical products manufacturer is expected to announce its fiscal second-quarter earnings for 2024 on Tuesday, July 23.
Ahead of the event, analysts expect HUBB to report a profit of $4.23 per share on a diluted basis, up 3.9% from $4.07 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on one other occasion. In the previous quarter, HUBB revealed that its operating margins were impacted year over year due to investments in long-term growth and productivity initiatives, but it reaffirmed its 2024 outlook.
