Hub Group Inc Class A
HUBG: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$58.00 | Gsdwj | Mrtsbkr |
Hub Group Earnings: Intermodal Volumes Plummet on Retail Sector Inventory Destocking
Narrow-moat Hub Group's top line fell 11% year over year, led by a significant softening in intermodal volume. We've been expecting revenue to contract this quarter as retail-sector inventory destocking and anemic import activity weigh on container demand. This dynamic was only partially offset by resilient demand in the dedicated trucking business.