Hub Group Inc Class A
HUBG: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$69.00 | Smbfmz | Dkhzsflt |
Hub Group Earnings: Intermodal Container Demand Remains Challenged, but No Surprises
Hub Group’s gross revenue fell to a 26% year-over-year decline, led by significant weakness in intermodal container demand, along with softer truck brokerage pricing. Revenue fell short of our expected run rate on greater-than-expected intermodal volume deterioration. Overall, however, the top-line pullback is not unexpected given retail sector inventory destocking and anemic import activity.