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Investing.com - Bernstein analyst raised the price target on Hubbell (NYSE:HUBB) to $511.00 from $446.00 on Wednesday, while maintaining an Outperform rating on the electrical products manufacturer. The company, which boasts a market capitalization of $22.7 billion and maintains a strong financial health score according to InvestingPro, has demonstrated consistent performance with a 14% return over the past year.
The price target increase follows Hubbell’s reported earnings per share of $4.93, representing a 12% beat compared to Wall Street expectations. Excluding the FIFC transition tailwind, EPS was approximately $4.51, still 5% above consensus estimates.
Hubbell management has raised its full-year EPS guidance to capture this performance improvement. The revised guidance of $17.90 at the midpoint implies a second-half EPS exit rate of $9.50.
Bernstein believes the second-half revenue and EPS ramp is achievable, potentially setting Hubbell up for a strong start in 2026 and positive estimate revisions. The analyst notes that annualizing the exit rate presents a 2026 starting point of $19.00, compared to the current Street estimate of $19.08.
The firm expects mid-single-digit growth moving forward, driven by a combination of easy comparisons and market growth, along with traditional incremental margins and capital deployment, suggesting potential upside to current Street estimates.
In other recent news, Hubbell Inc. announced its second-quarter 2025 earnings, revealing a notable increase in earnings per share (EPS) but a slight miss on revenue expectations. The company reported an adjusted EPS of $4.93, which exceeded analyst forecasts of $4.43, representing an 11.29% surprise. However, Hubbell’s revenue was $1.48 billion, falling short of the anticipated $1.51 billion by 1.99%. Despite the EPS beat, the revenue miss highlights mixed financial performance for the quarter. Analysts had projected higher revenue, which the company did not meet, impacting investor sentiment. These developments are part of the company’s recent financial disclosures and are crucial for investors monitoring Hubbell’s performance.
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